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500 Mamaroneck Ave, White P...

Trion Holdings Acquires Standalone Retail Property In White Plains
SOLDRetail

Trion Holdings Acquires Standalone Retail Property In White Plains

500 Mamaroneck Ave, White Plains, NY 10605, USA

Building Size

9,050 SF

Asset Type

Retail

Closing

Nov 28, 2020

AI

A standalone retail property located at 500 Mamaroneck Avenue in White Plains, New York, has been sold for a price of $5,150,000. The property spans 9,050 square feet, resulting in a price per square foot of $569. The transaction involved the sale of the property by Propp Companies to Trion Holdings, represented by Carmelo Milio. The deal was brokered by RKF, with Brian Segall and George Martinecz acting as representatives.

Summary of transaction details:

  • Property Type: Standalone Retail property
  • Transaction Amount: $5,150,000
  • Square Footage: 9,050 sf
  • Price Per Square Foot: $569
  • Address: 500 Mamaroneck Avenue
  • Market: White Plains

The transaction involved the sale of a standalone retail property, with the buyer represented by Carmelo Milio of Trion Holdings. The property was sold by Propp Companies, with the deal facilitated by RKF and their representatives, Brian Segall and George Martinecz.

Players

Brian Segall

Newmark

Broker

$175.2M

vol

14 deals

Broker
TH
Trion HoldingsBuyer

City of White Plains Retail Market Snapshot

Boundary boundary · Retail · 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