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151 Mamaroneck Avenue, Whit...

Triplemint Real Estate Leases Retail Space At 151 Mamaroneck Avenue In Westchester County
LEASEDRetail

Triplemint Real Estate Leases Retail Space At 151 Mamaroneck Avenue In Westchester County

151 Mamaroneck Avenue, White Plains, NY 10601

Building Size

2,800 SF

Asset Type

Retail

Closing

May 17, 2020

AI

Triplemint Real Estate, represented by Philip Lang, has leased a retail space located at 151 Mamaroneck Avenue in Westchester County. The landlord, Palladium Management, represented by David Roth, facilitated the lease transaction. The deal was brokered by Lisa Daniel from RIPCO Real Estate.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $45/ft
  • Square Footage: 2,800

This lease transaction took place on May 17, 2021. The retail space at 151 Mamaroneck Avenue offers approximately 2,800 square feet of space and was leased by Triplemint Real Estate, with Philip Lang as their representative. Palladium Management, represented by David Roth, served as the landlord. The lease was brokered by Lisa Daniel from RIPCO Real Estate.

Players

Lisa Daniel

Ripco

Broker

1 deal

Broker
David Roth

David Roth

PalladiumManagement

Landlord

$30.9M

vol

9 deals

Landlord

Philip Lang

Tenant

2 deals

Tenant

City of White Plains Retail Market Snapshot

Boundary boundary · Retail · Lease 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