Updated Oct 29, 2024
Henry Bodek - Galaxy Capital Facilitates $58.5M Bridge Loan For Multifamily Property In New Rochelle
64 Centre Ave New Rochelle, NY 10801, USA
$58,500,000
$380/SF
Building Size
153,654 SF
Asset Type
MultiFamily
Closing
May 25, 2023
About this deal
AI
The multifamily property located at 64 Centre Avenue in New Rochelle has been involved in a loan transaction. The loan was obtained on 05/25/2023. The property has a total square footage of 153,654 and consists of 144 units.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $58,500,000
- Loan Type: Bridge
Henry Bodek from Galaxy Capital served as the broker for this transaction.
The multifamily loan at 64 Centre Ave New Rochelle, NY 10801, USA in New York, New York financed for $58.5M in 2023. Reported inventory is 153,654 square feet across 144 units, or about 380 per square foot. Henry Bodek, Galaxy Capital appear on the loan alongside Galaxy Capital. This page is the New York, New York file for the 64 Centre Ave New Rochelle, NY 10801, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 64 Centre Ave New Rochelle, NY 10801, USA around 2023. Published consideration for 64 Centre Ave New Rochelle, NY 10801, USA is $58.5M, dated 2023. Cite this Henry Bodek - Galaxy Capital Facilitates $58.5M Bridge Loan For Multifamily Property In New Rochelle loan when underwriting similar multifamily product around New York, New York.
Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93