Carlo Cuzzi Acquires Mixed-Use Property In Eastchester For $7.2M
434 White Plains Road & 440 White Plains Road
$7,195,000
$239/SF
Building Size
30,000 SF
Asset Type
Mixed-use
Closing
Jun 10, 2024
AI
The mixed-use property located at 434-440 White Plains Road in Eastchester, Westchester County, was recently sold for $7,195,000. The property spans 15,000 square feet, translating to a price per square foot of $480.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $7,195,000
- Buyer: Carlo Cuzzi
- Seller: John J. Curreri
- Broker: Lena Rivera
- Market: Eastchester, Westchester County
- SF: 15,000
- PPSF: $480
Lena Rivera, the broker overseeing the transaction, has an impressive track record, having closed nearly $100M in building sales over the past three years. Additionally, she has facilitated over 200 residential leases and 100,000 square feet in retail/office leases. Lena is known for her expertise in property management, with experience spanning NYC, Bronx, Westchester, and Fairfield County. She is actively seeking new opportunities to manage, lease, sell, or purchase properties.
Players
Eastchester 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93