Updated Jan 29, 2025
Maria Leber Of Douglas Elliman Facilitates Industrial Sale At 111 Lafayette Avenue For $2.85M
111 Lafayette Avenue
$2,850,000
$142/SF
Building Size
20,000 SF
Asset Type
Industrial
Closing
Jan 24, 2025
About this deal
AI
The industrial property located at 111 Lafayette Avenue in White Plains features a total square footage of 20,000. The asset was sold for a price of $2,850,000, equating to a price per square foot of $142.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,850,000
- Address: 111 Lafayette Avenue
- Market: White Plains
- Square Footage: 20,000
- Price per Square Foot: $142
- Broker: Maria Leber - Douglas Elliman
Maria Leber represented the interests of the parties involved in this transaction through Douglas Elliman, facilitating the sale of the property in White Plains.
Players
White Plains 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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93