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TKF Burnside Real Estate Partners Acquires 360 Hamilton Avenue Office From Cappelli Organization For $67.5M

Property Image
SOLD
$67,500,000
Kevin Welsh
Brian Schulz
+ 2

New York

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Office392,000 SF
Sold
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Property Image
SOLD

TKF Burnside Real Estate Partners Acquires 360 Hamilton Avenue Office From Cappelli Organization For $67.5M

360 Hamilton Avenue

See Similar Deals
Office392,000 SF
Sold
Kevin Welsh
Brian Schulz
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$172
Total Square Footage:392000 SF
Transaction Type:Sale

The property involved in this transaction is an office asset located at 360 Hamilton Avenue in the White Plains market. The sale price for this property was $67,500,000, and it encompasses a total square footage of 392,000, resulting in a price per square foot of $172.

Summary of transaction details:

Newmark served as the strategic advisor on the sale of the office property, facilitating the transaction between TKF Burnside Real Estate Partners and Cappelli Organization. The team of brokers, including Kevin Welsh, Charles Han, Brian Schulz, Doug Woolley, and Gregory Frisoli, played a key role in the deal's execution.

Players

Brian Schulz
15 deals$1B volume(201) 528-0844
BROKER

Kevin Welsh
Newmark
21 deals$1.1B volume(201) 528-0862
BROKER

Charles Han
Newmark
3 deals$296.8M volume
BROKER

Gregory (Greg) Frisoli
Newmark
1 deal$67.5M volume(203) 531-3605
BROKER

Doug Woolley
Newmark
1 deal$67.5M volume(610) 844-1722
BROKER

TKF Burnside Real Estate Partners
BUYER

Details

SOLD
IMAGE: Charles Han, Brian Schulz, Kevin Welsh, Doug Woolley & Gregory Frisoli DATE: 2/24/2026 ADDRESS: 360 Hamilton Avenue MARKET: White Plains ASSET TYPE: Office BUYER: TKF Burnside Real Estate Parnters SELLER: Cappelli Organization BROKERS: Kevin Welsh, Charles Han, Brian Schulz, Doug Woolley & Gregory Frisoli - Newmark (@Newmark) SALE PRICE: $67,500,000 SF: 392,000 ~ PPSF: $172 NOTE FROM BROKER: Newmark serves as strategic advisor on the sale of 360 Hamilton Avenue, a premier White Plains CBD office property.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,600,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$239,813.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$319,984.44
Annual Debt Service$3,839,813.24