Marcus & Millichap Facilitates $8.95M Mixed-Use Property Acquisition In White Plains By Joseph C. French & Steven Rock
SOLD
$8,950,000
New York
See Similar DealsMixed-use180,000 SF
Sold 05/14/2020
SOLD
Marcus & Millichap Facilitates $8.95M Mixed-Use Property Acquisition In White Plains By Joseph C. French & Steven Rock
14 Mamaroneck Ave, White Plains, NY 10601, USA
See Similar DealsMixed-use180,000 SF
Sold 05/14/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$49
Total Square Footage:180,000 SF
Transaction Type:Sale
Located at 14 Mamaroneck Ave in White Plains, this mixed-use property was recently sold for a price of $8,950,000. Spanning over 18,000 square feet, the property offers a price per square foot of $497. The transaction took place on 05/14/2020.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,950,000
- Address: 14 Mamaroneck Ave
- Market: White Plains
- Square Footage: 18,000
- Price per Square Foot: $497
The deal was facilitated by Joseph C. French and Steven Rock of Marcus & Millichap. As brokers representing the buyer or seller, they played a crucial role in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$477,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,797.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,427.57
Annual Debt Service$509,130.79
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