Ashley Brody Acquires Development Site In Mamaroneck For $3M
SOLD
$3,000,000
New York
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Sold
SOLD
Ashley Brody Acquires Development Site In Mamaroneck For $3M
338 Mt Pleasant Ave , 346 Mount Pleasant Avenue & 352 Mount Pleasant Avenue
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Sold
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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