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Piece Of Cake Moving & Storage Purchases Industrial Property At 39 Westmoreland Avenue For $7.5M

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SOLD
$7,500,000

New York

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Industrial86,401 SF
Sold 02/11/2025
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SOLD

Piece Of Cake Moving & Storage Purchases Industrial Property At 39 Westmoreland Avenue For $7.5M

39 Westmoreland Avenue

See Similar Deals
Industrial86,401 SF
Sold 02/11/2025
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$86
Total Square Footage:86,401 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial facility located at 39 Westmoreland Avenue, White Plains. The sale price was $7,500,000, and the building encompasses 86,401 square feet, yielding a price per square foot of $86.

Summary of transaction details:

Key individuals involved in this transaction include Vincent Lopez and Jacques Wadler, who represented the buyer, Piece of Cake Moving & Storage, while William Anson represented the seller, Benerofe Properties. Each party's representation played a crucial role in facilitating the deal.

Players

William "Bill" Anson
3 deals$47M volume
BROKER

Jacques Wadler
Knickerbocker Realty Group
11 deals$15.8M volume(718) 928-9908
BROKER

Vincent Lopez
Knickerbocker Realty Group
10 deals$15.8M volume(718) 385-3811
BROKER

Details

SOLD
IMAGE: Vincent Lopez, Jacques Wadler & William Anson DATE: 02/11/2025 ADDRESS: 39 Westmoreland Avenue MARKET: White Plains ASSET TYPE: Industrial BUYER: Piece of Cake Moving & Storage SELLER: Benerofe Properties BUYER'S REP: Vincent Lopez & Jacques Wadler - Knickerbocker Realty Group (@krgnyc) SELLER'S REP: William Anson - RM Friedland (@RMFriedland) SALE PRICE: $7,500,000 SF: 86,401 ~ PPSF: $86

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92