Pat Calabro Acquires 5-Unit Multifamily Property In New Rochelle For $1.05M
SOLD
$1,050,000
New York
See Similar DealsMultiFamily4,400 SF
Sold 01/27/2023
SOLD
Pat Calabro Acquires 5-Unit Multifamily Property In New Rochelle For $1.05M
100 Washington Ave New Rochelle
See Similar DealsMultiFamily4,400 SF
Sold 01/27/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$238
Total Square Footage:4,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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