Volmar Construction Sells Development Site At 3737-3743 White Plains Road In Bronx For $6.2M
3737 3743 White Plains Road
$6,200,000
$462/SF
Building Size
13,400 SF
Asset Type
Development Site
Closing
Jul 27, 2025
AI
A development site at 3737-3743 White Plains Road in the Bronx sold on 7/28/2025 for $6,200,000. The property comprises 64,520 BSF and 13,400 SF, with PPBSF of $96 and PPSF of $462. The seller was Volmar Construction, and the deal was brokered by Richard Guarino of Friedman-Roth Realty.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $6,200,000
- Address: 3737-3743 White Plains Road
- Market: Bronx
- Seller: Volmar Construction
- Broker: Richard Guarino - Friedman-Roth Realty
- Date: 7/28/2025
- BSF: 64,520
- SF: 13,400
- PPBSF: $96
- PPSF: $462
Note from the broker acknowledges Anthony Cornicello Esq and Emily Cornicello for their hard work in bringing the deal to a close, highlighting the collaborative effort behind the transaction. The closing involved Volmar Construction as the seller and Richard Guarino of Friedman-Roth Realty serving as the broker representative.
Players
Bronx 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93