Sansome Pacific Properties Acquires Development Site In New Rochelle For $3.1M
SOLD
$3,100,000
New York
See Similar DealsDevelopment Site20,000 SF
Sold 12/17/2021
SOLD
Sansome Pacific Properties Acquires Development Site In New Rochelle For $3.1M
210 Union Avenue, New Rochelle, New York 10801, United States
See Similar DealsDevelopment Site20,000 SF
Sold 12/17/2021
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$155
Total Square Footage:20,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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