Updated Sep 5, 2024
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
About this deal
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
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