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100 Main St, White Plains, ...

Pacific Retail Acquires Mixed-Use Property In White Plains From Macy's For $27M
SOLDMixed-use

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

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.

Players

Steve Plenge

Pacific Retail Capital

Buyer

$482.2M

vol

5 deals

Buyer

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