RXR Realty Acquires Mixed-Use Property In New Rochelle For $131.2M
26 S Division St, New Rochelle, NY 10805, USA
$131,200,000
$1,388/SF
Building Size
94,463 SF
Asset Type
Mixed-use
Closing
Feb 13, 2020
About this deal
AI
26 South Division Street, a mixed-use property in New Rochelle, was recently involved in a closed transaction. The property, situated in the vibrant market of New Rochelle, offers a variety of potential uses. The transaction involved a loan from Capital One in the amount of $131,200,000. The landlord of the property is RXR Realty.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $131,200,000
This deal brought together key individuals and companies in the real estate industry. RXR Realty, as the landlord, played a significant role in the transaction. Capital One provided the loan that facilitated the purchase of the property. The involvement of these entities highlights their influence in the New Rochelle market.
Players
City of New Rochelle Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93