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20 Bonnefoy Place, New Roch...

Michael Khakshouri & Jonathan Harooni Acquire Multifamily Property In New Rochelle For $1.1M
FINANCEDMultiFamily

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

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

Irene Uy

Broker

$3.1M

vol

2 deals

Broker
New York Community Bank
New York Community BankLender

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