Highstone Equity Group Acquires 200 White Plains Rd Tarrytown With Seller's Reps Kevin Welsh And Glenn Walsh
200 White Plains Rd, Tarrytown, NY 10591
Building Size
179,000 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The Talleyrand Office Park, located at 200 White Plains Rd, Tarrytown, NY 10591, encompasses a total area of 179,000 square feet across two six-story buildings. The property is situated on an 11-acre campus in Tarrytown, which benefits from its accessibility to interstates 287 and 87, Route 9, and its proximity to downtown Tarrytown and the train station. Currently, the property is 45 percent leased to approximately two dozen tenants.
Summary of transaction details:
- Property Type: Office Park
- Transaction Amount: Undisclosed
- Square Footage: 179,000 SF
- Address: 200 White Plains Rd, Tarrytown, NY 10591
- Market: Tarrytown
- Seller's Representative: Kevin Welsh - Newmark, Glenn Walsh - Newmark Knight Frank
- Buyer: Highstone Equity Group
The transaction was facilitated by Newmark Knight Frank’s New Jersey-based capital markets team led by Executive Managing Director Kevin Welsh, Managing Director Brian Schulz, and Associate Director Chuck Kohaut, with additional support from Executive Managing Director Glenn Walsh. The brokerage team was also instrumental in procuring the buyer, Highstone Equity Group, which plans to invest in renovations including improved common areas and new amenities such as a conference center, tenant lounge, fitness center, and full-service cafeteria.
Players
Tarrytown Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93