Sansome Pacific Properties Acquires Development Site In New Rochelle For $3.1M
210 Union Avenue, New Rochelle, New York 10801, United States
$3,100,000
$155/SF
Building Size
20,000 SF
Asset Type
Development Site
Closing
Dec 17, 2021
AI
210 North Avenue in New Rochelle has been sold in a recent transaction. The development site was purchased by Sansome Pacific Properties from Palladium Management. The sale took place on December 17, 2021, for a total price of $3,100,000. The property has a total buildable square footage of 20,000. The price per buildable square foot is $155.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,100,000
David Roth, representing Palladium Management, facilitated the sale on behalf of the seller. No additional information about the individuals or companies involved in the transaction was provided.
City of New Rochelle 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93