SOLD
Marc Weil Acquires Retail Property In Mamaroneck For $3.95M
651 East Boston Post Road
Retail
3,000 SF
3,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Retail
3,000 sqft
Located at 651 East Boston Post Road in Mamaroneck, this retail property was recently sold for $3,950,000. Spanning 3,000 square feet, the property was purchased by Marc Weil at a price per square foot of $1,316. The transaction took place on October 04, 2021, and the property is situated in a vibrant market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,950,000
- Square Footage: 3,000
- Price per Square Foot: $1,316
- Market: Mamaroneck
The deal was facilitated by Jenel Management, represented by Joseph Dushey, who acted as the seller. On the buyer's side, Marc Weil enlisted the assistance of Anand Melwani from ARM Real Estate Group as his representative. The transaction had a capitalization rate of 5.75%, indicating a favorable return on investment.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Joseph Dushey & Anand Melwani
DATE: 10/04/2021
ADDRESS: 651 East Boston Post Road
MARKET: Mamaroneck
ASSET TYPE: Retail
BUYER: Marc Weil
SELLER: Jenel Management - Joseph Dushey
BUYER’S REP: Anand Melwani (@RumpusBoy) - ARM Real Estate Group (@ARMRealEstateNYC)
SALE PRICE: $3,950,000
SF: 3,000 ~ PPSF: $1,316
CAP RATE: 5.75%View on map
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Address651 East Boston Post Road
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