Michael Khakshouri & Jonathan Harooni Acquire Multifamily Property In New Rochelle For $1.1M
20 Bonnefoy Place, New Rochelle, NY 10805, USA
$1,139,000
$175/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Jan 15, 2020
AI
Located at 20 Bonnefoy Place in New Rochelle, this multifamily property has recently undergone a closed transaction. The property spans a total of 6,500 square feet, offering ample space for residents. The transaction took place on January 16, 2020.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,139,000
- Lender: New York Community Bank
- Landlord: Michael Khakshouri & Jonathan Harooni
- Brokers: Matthew Murphy, Irene Uy, Leor Fidler
The lender involved in this transaction is New York Community Bank. On the landlord side, Michael Khakshouri and Jonathan Harooni, who represent Royal Blue Properties, facilitated the deal. Matthew Murphy, Irene Uy, and Leor Fidler served as the brokers in this transaction.
Players
City of New Rochelle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.93%
Cash-on-Cash
-3.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93