Updated Mar 25, 2026
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
About this deal
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.
On the Map
$34,200,000
$393/SF
MultiFamily
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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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93