Meridian Capital Group Facilitates $135M Loan For New Rochelle Multifamily Property

The multifamily property located at 1 Sherwood Place in New Rochelle has recently undergone a closed transaction. The property consists of a 24-story high-rise luxury apartment building with 408 units. Additionally, there is a parking structure on site with 422 parking spaces. The transaction involved a purchase loan amount of $135,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $135,000,000
• Number of Units: 408
• Address: 1 Sherwood Place, New Rochelle

The deal was facilitated by brokers Judah Hammer and Zev Karpel from Meridian Capital Group. They represented the parties involved in the purchase loan transaction.