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434 White Plains Road

Carlo Cuzzi Acquires Mixed-Use Property In Eastchester For $7.2M
SOLDMixed-use

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

Lena Rivera

Broker

$60M

vol

15 deals

Broker

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