Updated Sep 9, 2024
Fitim Balaj Acquires Development Site In Mamaroneck For $900K
254 Center Avenue, Mamaroneck, NY 10543
$900,000
Building Size
—
Asset Type
Development Site
Closing
Aug 15, 2023
About this deal
AI
A development site located at 254 Center Avenue in Mamaroneck has been sold for $900,000. The property, characterized as a development site, was the subject of the transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $900,000
- Date: 08/15/2023
- Address: 254 Center Avenue, Mamaroneck
- Buyer: Fitim Balaj
- Seller: Joel Halpern
- Buyer's Representative: John F. Pellegrino - William Raveis Real Estate
- Seller's Representative: Matthew Barbaccia - Brix Real Estate Advisors
John F. Pellegrino from William Raveis Real Estate represented Fitim Balaj, the buyer, in this transaction. Meanwhile, Matthew Barbaccia from Brix Real Estate Advisors served as the seller's representative for Joel Halpern.
Players
Mamaroneck 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
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93