Douglas C. Yearley Of Toll Brothers Purchases Development Site In Pearl River For $3.24M
80 Gatto Lane
$3,240,000
$324,000/SF
Building Size
10 SF
Asset Type
Development Site
Closing
Jun 16, 2025
AI
A 10-acre development site located at 80 Gatto Lane in Pearl River, NY, has been sold for $3,240,000. The buyer, Toll Brothers, plans to construct 36 luxury townhomes as part of a Planned Adult Community.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,240,000
- Buyer: Douglas C. Yearley - Toll Brothers
- Seller: Gatto Lane LLC
- Square Footage: 10 acres
- Price Per Square Foot: $324,000
- Market: Pearl River
Douglas C. Yearley represented Toll Brothers in this transaction, securing a strategic location for future development initiatives, while Gatto Lane LLC was the selling entity in this deal.
Pearl River 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
4.90%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93