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
Armonk Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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