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1771 Front Street

John Conti Purchases Development Site In Yorktown Heights From Steven Price For $1.395M
SOLDDevelopment Site

John Conti Purchases Development Site In Yorktown Heights From Steven Price For $1.395M

1771 Front Street

$1,395,000

$279/SF

Building Size

5,000 SF

Asset Type

Development Site

Closing

Feb 11, 2026

AI

This development site, located at 1771 Front Street in Yorktown Heights, was sold for $1,395,000. The asset encompasses 3.39 acres, resulting in a price per acre of $411,504.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,395,000
  • Address: 1771 Front Street
  • Market: Yorktown Heights
  • Acreage: 3.39
  • Price Per Acre: $411,504
  • Buyer: John Conti
  • Seller: Steven Price
  • Seller's Representative: Michael Scrima & Thomas Gorman Jr. - Houlihan Lawrence Commercial
  • Buyer's Representative: Johnathan Clott - Vision Property Group LLC

Michael Scrima and Thomas Gorman Jr. of Houlihan Lawrence Commercial represented the seller, while Johnathan Clott from Vision Property Group LLC served as the representative for the buyer, John Conti.

Players

Michael Scrima

Houlihan Lawrence Commercial

Broker

$214.1M

vol

60 deals

Broker
Thomas Gorman Jr.
Verified Badge

Thomas Gorman Jr.

Houlihan Lawrence Commercial

Broker

$240M

vol

62 deals

Broker

Yorktown Heights Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.37%

Cash-on-Cash

-3.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93