The Cappelli Organization Refinances Multifamily Property In New Rochelle For $34.2M With Berkshire Bank

50 Le Count Place, New Rochelle, New York 10801, United States

$34,200,000

$393/SF

Building Size

87,000 SF

Asset Type

MultiFamily

Closing

Mar 2, 2022

AI

The property involved in this closed transaction is a multifamily building located at 50 LeCount Place in New Rochelle. The property spans approximately 87,000 square feet and consists of 111 units.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $34,200,000
Address: 50 LeCount Place, New Rochelle
Market: New Rochelle
Asset Type: Multifamily
Square Footage: 87,000
Units: 111

Berkshire Bank provided a refinancing loan in the amount of $34,200,000 for this transaction. The Cappelli Organization acted as the landlord. The deal was facilitated by Mark Niman from BayBridge Real Estate Capital.

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