Patience Emenike Acquires Development Site At 4551 White Plains Road For $1.225M

The property asset involved in the transaction is a development site located at 4551 White Plains Road in the Wakefield market. The site was sold for $1,225,000 and encompasses 11,036 square feet, leading to a price per square foot of $111.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,225,000
• Buyer: Patience Emenike
• Seller: Michael & Susan Lacava
• Brokers: Jason M. Gold & Gabriel Elyaszadeh - Ariel Property Advisors

Key individuals involved in the transaction include the buyer Patience Emenike and the sellers Michael & Susan Lacava. The brokers representing the deal were Jason M. Gold and Gabriel Elyaszadeh from Ariel Property Advisors, who are actively engaged in bringing new retail, development, and multifamily opportunities to the market.