Updated Dec 21, 2023
Compass Acquires Development Site In Williamsbridge For $7.5M
3663 White Plains Road
$7,500,000
$220/SF
Building Size
34,053 SF
Asset Type
Development Site
Closing
Oct 18, 2022
About this deal
AI
A development site located at 3663 White Plains Road in Williamsbridge was recently sold for $7,500,000. The property spans 34,053 square feet and has a price per square foot of $220. The transaction took place on October 18, 2022.
Summary of transaction details
- Property Type: Development Site
- Sale Price: $7,500,000
- Square Footage: 34,053
- Price per Square Foot: $220
Giancarlo Cugini and Karl Brumback from JLL represented the seller in the deal, while Nathan Horne from Compass acted as the buyer's representative.
Players
New York 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93