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

Property Image
SOLD
$1,395,000
Thomas Gorman Jr.
Michael Scrima

New York

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Development Site5,000 SF
Sold 02/12/2026
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Property Image
SOLD

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

1771 Front Street

See Similar Deals
Development Site5,000 SF
Sold 02/12/2026
Thomas Gorman Jr.
Michael Scrima
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$279
Total Square Footage:5,000 SF
Transaction Type:Sale

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
Michael Scrima
60 deals$214.1M volume
BROKER
Thomas Gorman Jr.
Houlihan Lawrence Commercial
Thomas Gorman Jr.
62 deals$240M volume(914) 205-2020
BROKER

Details

SOLD
IMAGE: Michael Scrima & Thomas Gorman Jr. DATE: 2/12/2026 ADDRESS: 1771 Front Street MARKET: Yorktown Heights ASSET TYPE: Development Site BUYER: John Conti SELLER: Steven Price BROKER: Michael Scrima (@SG_Realty_Team) & Thomas Gorman Jr. (@ThomasGorman) - Houlihan Lawrence Commercial (@HLCommercial) SALE PRICE: $1,395,000 ACRE: 3.39 ~ PPA: $411,504 NOTE FROM SELLER'S REP: Michael Scrima and Thomas Gorman Jr. of Houlihan Lawrence Commercial represented the seller. Johnathan Clott of Vision Property Group LLC represented the buyer.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,956.14
Cash-on-Cash Return-1.27%
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