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126 Franklin Avenue, New Ro...

Updated Oct 12, 2026

David Roth's Palladium Management Secures $7M CMBS Loan For Multifamily Property In New Rochelle
FINANCEDMultiFamily

David Roth's Palladium Management Secures $7M CMBS Loan For Multifamily Property In New Rochelle

126 Franklin Avenue, New Rochelle, NY, USA

$7,000,000

$10,000/SF

Building Size

700 SF

Asset Type

MultiFamily

Closing

Jan 26, 2021

About this deal

AI

The multifamily property located at 126 Franklin Avenue in New Rochelle has recently undergone a closed transaction. The deal involved a loan provided by LMF, with Michael Deford acting as the lender. The loan amount was $7,000,000, and the loan was structured as a 10-year CMBS loan. The property is owned by David Roth, who is represented by Palladium Management.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,000,000
  • Address: 126 Franklin Avenue
  • Market: New Rochelle
  • Lender: LMF
  • Lender's Representative: Michael Deford
  • Landlord: David Roth
  • Landlord's Representative: Palladium Management

Max Herzog, Marko Kazanjian, and Andrew Cohen from JLL were the brokers involved in the deal, representing the parties in the transaction. Their role was to facilitate the loan agreement between the lender and the landlord, ensuring a successful closure.

On the Map

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$7,000,000

$10,000/SF

MultiFamily

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Players

Marko Kazanjian

Institutional Property Advisors

Broker

$5.6B

vol

73 deals

Broker
JLL
JLLBrokerage
David Roth

David Roth

Palladium Management

Landlord

$30.9M

vol

9 deals

Landlord
Bilt advertisement

City of New Rochelle MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $10K per square foot on a published $7M for 700 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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