Baker Capital Group Acquires Medical Office Building In New Rochelle For $3.55M

A medical office building located at 481 Main Street in New Rochelle has been sold for $3,550,000. The asset features 14 units, comprising 13 medical offices and 1 commercial unit, with a total square footage of 18,400. The property has a price per unit of $253,571 and a price per square foot of $192, with a reported cap rate of 9.5%.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $3,550,000
• Units: 14
• Square Footage: 18,400
• Price Per Unit: $253,571
• Price Per Square Foot: $192
• Cap Rate: 9.5%
• Buyer: Don Bichoupan & Jordan Cohen - Baker Capital Group LLC

The transaction was facilitated by Don Bichoupan and Jordan Cohen, who are representatives of Baker Capital Group LLC. The firm is actively seeking free market multifamily opportunities in NYC and Westchester and invites potential deals to be presented to them.