Mehra Properties pays $5M to LB Northeast Developers for commercial property in Bronxwood

December 16, 2019 5:49 am

Mehra Properties through the entity 4510 WPR LLC paid LB Northeast Developers’s 3211 White Plains Road Corp. $5.4 million for 3211 White Plains Road, 3201 White Plains Road in Bronxwood. The deal closed on December 2, 2019, and was recorded on December 13, 2019. The transaction consists of 2 parcels, including the tax class one-story store building (K1). The property is 6,432 square feet. The parcel(s) have total development potential of 36,382 square feet.
The average sale price per square foot is $148.
The estimated cap rate is 4.3%

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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