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KABR Group Acquires 79-Unit Multifamily Asset From G&S Investors And Robert Martin Co. For $30.7M

Property Image
SOLD
$30,700,000
Austin Pierce
Steve Simonelli
Jose Cruz
+ 1

New York

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MultiFamily7,630 SF
Sold 02/16/2026
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Property Image
SOLD

KABR Group Acquires 79-Unit Multifamily Asset From G&S Investors And Robert Martin Co. For $30.7M

1 North Main Street

See Similar Deals
MultiFamily7,630 SF
Sold 02/16/2026
Austin Pierce
Steve Simonelli
Jose Cruz
+ 1
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$4,023
Total Square Footage:7,630 SF
Transaction Type:Sale

A 79-unit multifamily building located at 1 North Main Street in Port Chester has been sold for $30,700,000. The property encompasses 7,630 square feet, with a price per unit of $388,608 and a price per square foot of $4,024.

Summary of transation details:

The seller was represented by a team from JLL, while KABR Group, identified as the buyer, is a regional investor. This transaction highlights the involvement of JLL brokers in the deal, facilitating the sale of the mixed-use apartment building.

Players

Jose Cruz
JLL
Jose Cruz
102 deals$7.9B volume(201) 240-7546
BROKER
Steve Simonelli
JLL
Steve Simonelli
64 deals$4.9B volume
BROKER
Austin Pierce
JLL
Austin Pierce
17 deals$1.8B volume
BROKER
Jeffrey Julien
JLL
Jeffrey Julien
8 deals$615.7M volume(212) 632-1820
BROKER
KABR Group
KABR Group
BUYER

Details

SOLD
IMAGE: Jose Cruz, Jeffrey Julien, Steve Simonelli & Austin Pierce DATE: 02/16/2026 ADDRESS: 1 North Main Street MARKET: Port Chester ASSET TYPE: Multifamily BUYER: KABR Group SELLER: G&S Investors, Robert Martin Co. BROKERS: Jose Cruz, Jeffrey Julien, Steve Simonelli & Austin Pierce - JLL (@JLL) SALE PRICE: $30,700,000 UNITS: 79 ~ PPU: $388,608 SF: 7,630 ~ PPSF: $4,024 NOTE: JLL brokered the $30.7M sale of a 79-unit, mixed-use apartment building at 1 N. Main St. in Port Chester, completed in 2022 and featuring 7,630 square feet of retail, according to Apartments.com. The seller—an affiliate of G&S Investors and Robert Martin Co.—was represented by a JLL team, and the buyer was regional investor KABR Group.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,637,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$109,070.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$145,533.66
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