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100 Washington Ave New Roch...

Pat Calabro Acquires 5-Unit Multifamily Property In New Rochelle For $1.05M
SOLDMultiFamily

Pat Calabro Acquires 5-Unit Multifamily Property In New Rochelle For $1.05M

100 Washington Ave New Rochelle

$1,050,000

$238/SF

Building Size

4,400 SF

Asset Type

MultiFamily

Closing

Jan 27, 2023

AI

The multifamily property located at 100 Washington Ave in New Rochelle was recently sold for a price of $1,050,000. The property consists of 5 units with an average price per unit of $210,000. The total square footage of the building is 4,400, resulting in a price per square foot of $239. The transaction took place on January 27, 2023.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 5
  • Price per unit: $210,000
  • Square footage: 4,400
  • Price per square foot: $239

The buyer of the property was Pat Calabro, while the seller was Marianna Mussolini. The deal was facilitated by the brokerage firm Oak & Avery Group, specifically brokers Anthony Watkins and David Algarin. They represented both the buyer and the seller in the transaction.

Players

Anthony Watkins

Oak & Avery Group

Broker

$107.3M

vol

29 deals

Broker
David Algarin
Verified Badge

David Algarin

Oak & Avery Group

Broker

$100.8M

vol

27 deals

Broker

City of New Rochelle MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93