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Gjonlekaj Inc Acquires Multifamily Property In New Rochelle For $10.75M

Property Image
SOLD
$10,750,000
David Schechtman
Amit Doshi
Shallini Mehra
+ 1

National

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Sold 03/17/2020
the dealplayerscompscontact
Property Image
SOLD

Gjonlekaj Inc Acquires Multifamily Property In New Rochelle For $10.75M

Sold 03/17/2020
David Schechtman
Amit Doshi
Shallini Mehra
+ 1
the dealplayerscompscontact
Contact now

Summary

Transaction Type:Sale

Players

Shallini Mehra
Meridian Capital Group
Shallini Mehra
78 deals$1.1B volume
BROKER
Amit Doshi
Meridian Capital Group
Amit Doshi
87 deals$1.3B volume
BROKER
David Schechtman
Meridian Capital Group
David Schechtman
68 deals$1.8B volume
BROKER
EC
Elizabeth Crane
3 deals$35.6M volume
SELLER

Details

SOLD
IMAGE: Shallini Mehra, Amit Doshi & David Schechtman DATE: 3/17/2020 ADDRESS: 246-248 Centre Avenue MARKET: New Rochelle, Westchester County ASSET TYPE: Multifamily SELLER: Elizabeth Crane – Rosedale Management BUYER: Tom Gjonlekaj – Gjonlekaj Inc BROKERS: Amit Doshi, Shallini Mehra & […] SALE PRICE: $10,750,000 SF: 72,915 PPSF: $147 UNITS: 75 PPU: $143,300 GRM: 8.2x CAP: 5.4%

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$573,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,192.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,960.48
Annual Debt Service$611,525.81