Updated Feb 19, 2026
Drew Dewitt And David Archibald Of East Capital Partners Acquire Industrial Portfolio In Mamaroneck
500 Fenimore Road, 520 Fenimore Road, 628 Waverly Avenue, 480 Ogden Avenue, 503 Ogden Avenue & 510 Ogden Avenue
Building Size
8,250 SF
Asset Type
Industrial
Closing
Feb 9, 2026
About this deal
AI
The transaction involved a portfolio of industrial assets located at 500 Fenimore Road, 520 Fenimore Road, 628 Waverly Avenue, 480 Ogden Avenue, 503 Ogden Avenue, and 510 Ogden Avenue, collectively encompassing a total square footage of 153,430 in the Mamaroneck market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Drew Dewitt & David Archibald - East Capital Partners
- Seller: Stephen Matri & Herb Eilberg - Renatus Group
- Seller's Representative: Jordan Avanzato, Christopher Todd & William Ericksen - NAI James E. Hanson
This transaction highlights the partnership between the buyers, Drew Dewitt and David Archibald, who represent East Capital Partners, alongside the sellers, Stephen Matri and Herb Eilberg of Renatus Group, with the seller's representation by Jordan Avanzato, Christopher Todd, and William Ericksen from NAI James E. Hanson.
On the Map
Industrial
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Players
Mamaroneck Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93