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338 Mt Pleasant Ave

Ashley Brody Acquires Development Site In Mamaroneck For $3M
SOLDDevelopment Site

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

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.

Players

Matthew Barbaccia

Brix Real Estate Advisors

Broker

$71.1M

vol

30 deals

Broker

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