Pacific Retail Acquires Mixed-Use Property In White Plains From Macy's For $27M
100 Main St, White Plains, NY 10601, USA
$27,000,000
$424/SF
Building Size
63,598 SF
Asset Type
Mixed-use
Closing
Jun 11, 2019
About this deal
AI
The mixed-use property located at 100 Main Street in White Plains has been sold for a total price of $27,000,000. The property is comprised of various types of commercial and residential spaces, offering a diverse range of opportunities for businesses and residents.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $27,000,000
- Address: 100 Main Street, White Plains
- Market: White Plains
Pacific Retail, represented by Steve Plenge, has acquired the property from the seller, Macy's. This transaction highlights the continued interest and investment in the White Plains market, as well as the potential for growth and development in the mixed-use real estate sector. Both parties involved in this deal have made a significant investment in the future of White Plains.
On the Map
$27,000,000
$424/SF
Mixed-use
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Players
City of White Plains Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93