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601 Main Street, New Rochel...

Updated Mar 11, 2025

Ridgewood Savings Bank Provides $1.5M Loan For Mixed-Use Property On 601 Main Street, New Rochelle
FINANCEDMixed-use

Ridgewood Savings Bank Provides $1.5M Loan For Mixed-Use Property On 601 Main Street, New Rochelle

601 Main Street, New Rochelle, NY, USA

$1,500,000

$278/SF

Building Size

5,380 SF

Asset Type

Mixed-use

Closing

Jun 29, 2020

About this deal

AI

The property involved in this closed transaction is a mixed-use asset located at 601 Main Street in New Rochelle. The transaction took place on June 29, 2021.

Summary of transation details

The lending institution involved in this transaction is Ridgewood Savings Bank. The brokers who facilitated the deal were Jake Lapidot and Jeff Horowitz from the agency Cooper-Horowitz.

The mixed use loan at 601 Main Street, New Rochelle, NY, USA in City of New Rochelle, New York financed for $1.5M in 2020. The building is 5,380 square feet, implying about 278 per square foot on the published price. Jake Lapidot, Jeff Horowitz, Cooper Horowitz appear on the loan alongside Cooper Horowitz. This page is the City of New Rochelle, New York file for the 601 Main Street, New Rochelle, NY, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same City of New Rochelle sit in the Market section below. Filter that City of New Rochelle mixed use set by closing date to see what else financed near 601 Main Street, New Rochelle, NY, USA around 2020. Published consideration for 601 Main Street, New Rochelle, NY, USA is $1.5M, dated 2020. Cite this Ridgewood Savings Bank Provides $1.5M Loan For Mixed-Use Property On 601 Main Street, New Rochelle loan when underwriting similar mixed use product around City of New Rochelle, New York.

Players

Jeff Horowitz

Broker

$31.7M

vol

3 deals

Broker
Ridgewood Savings Bank
Ridgewood Savings BankLender

City of New Rochelle Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $278 per square foot on a published $1.5M for 5,380 square feet (2020).

Visit Jake Lapidot to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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