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
$8,950,000
$49/SF
Building Size
180,000 SF
Asset Type
Mixed-use
Closing
May 13, 2020
AI
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.
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
1.77%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93