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3 North Castle Drive

MADDD Equities And Stagg Group Joint Venture For Development Site At 3 North Castle Drive For $27.5M
SOLDDevelopment Site

MADDD Equities And Stagg Group Joint Venture For Development Site At 3 North Castle Drive For $27.5M

3 North Castle Drive

$27,500,000

Building Size

Asset Type

Development Site

Closing

Dec 30, 2025

AI

The asset involved in this transaction is a development site located at 3 North Castle Drive, part of the Eagle Ridge Townhouses in Westchester County, NY. The valuation of the property is reported at $27,500,000.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $27,500,000
  • JV Partners: MADDD Equities & Stagg Group
  • Brokers: Jason M. Gold & Victor Sozio - Ariel Property Advisors
  • Date of Transaction: 12/31/2025

The individuals representing the deal are Jason M. Gold and Victor Sozio from Ariel Property Advisors, who facilitated the joint venture between MADDD Equities and Stagg Group, highlighting their roles in this successful transaction.

Players

Jason M. Gold

Ariel Property Advisors

Broker

$1B

vol

59 deals

Broker

Armonk 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

0.58%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93