Updated Dec 4, 2024
Ashley Brody Acquires Development Site In Mamaroneck For $3M
338 Mt Pleasant Ave , 346 Mount Pleasant Avenue & 352 Mount Pleasant Avenue
$3,000,000
Building Size
—
Asset Type
Development Site
Closing
Apr 30, 2024
About this deal
AI
The development site located at 338-346-352 Mt Pleasant Ave in Mamaroneck was sold for $3,000,000. The property spans 34,648 square feet, with a price per buildable square foot of $87.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,000,000
- Address: 338-346-352 Mt Pleasant Ave
- Market: Mamaroneck
- BSF: 34,648
- PPBSF: $87
Ashley Brody was the buyer of the development site, while Bernie Menachery was the seller. Matthew Barbaccia from Brix Real Estate Advisors represented the parties in this transaction.
On the Map
$3,000,000
Development Site
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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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93