Updated Jun 5, 2025
Joseph Scalisi Refinances Multifamily Property In New Rochelle For $1.7M With JP Morgan Chase Bank
21 Circle Road, Scarsdale, NY, USA
$1,700,000
$75/SF
Building Size
22,500 SF
Asset Type
MultiFamily
Closing
Oct 1, 2021
About this deal
AI
The multifamily property located at 21-23-25 Circuit Rd. in New Rochelle was recently involved in a closed transaction. The property spans a total area of 22,500 square feet and comprises 24 units. The transaction took place on 10/01/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Market: New Rochelle
- Lender: JP Morgan Chase Bank
- Landlord: Joseph Scalisi
- Broker: Matthew Barbaccia - Brix Real Estate Advisors
The loan, in the amount of $1,700,000, was provided by JP Morgan Chase Bank. It was a refinance loan with a fixed interest rate of 3.05% for a term of 7 years.
Players
Scarsdale 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93