Sale Of 555 White Plains Rd Tarrytown For $8.85 Million With Sellers' Reps Chris O’Callaghan, Jillian Reiner, John Barrett
555 White Plains Rd, Tarrytown, NY, 1...
$8,850,000
Building Size
—
Asset Type
Office
Closing
Jul 28, 2021
AI
The property involved in this transaction is an office building located at 555 White Plains Rd, Tarrytown, NY. The sale price was $8,850,000.00. The building spans five stories and is situated on a 4.2-acre lot. It was previously occupied by Tappan Zee Constructors LLC during the construction of the Mario M. Cuomo Bridge and has been vacant since August 2020. Built in 1971, this building was acquired by Robert Martin Company in May 2017 for $5.48 million.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $8,850,000.00
- Address: 555 White Plains Rd, Tarrytown, NY
- Market: Tarrytown
- Seller's Representatives: Chris O’Callaghan - RM Friedland, Jillian Reiner - RM Friedland, John Barrett - RM Friedland
- Buyer: Unknown
Robert Martin Company announced the sale of the office building located at 555 White Plains Road to an undisclosed purchaser. Chris O’Callaghan, Jillian Reiner, and John Barrett represented Robert Martin Company in the transaction.
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
1.79%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93