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Intel Capital Acquires The Printhouse In New Rochelle For $22.75M

Property Image
SOLD
$22,750,000
Marion Jones
Steve Simonelli
+ 3

New York

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MultiFamily
Sold 08/08/2023
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Property Image
SOLD

Intel Capital Acquires The Printhouse In New Rochelle For $22.75M

165 Huguenot St New Rochelle, NY 10801, USA

See Similar Deals
MultiFamily
Sold 08/08/2023
Marion Jones
Steve Simonelli
+ 3
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

The Printhouse, a high-end 72-unit multifamily property located at 165 Huguenot Street in New Rochelle, New York, has been sold. The property was purchased by Intel Capital for a total of $22.75 million.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $22,750,000
  • Address: 165 Huguenot Street, New Rochelle
  • Market: New Rochelle

Intel Capital, represented by Ryan Goldstein, acquired The Printhouse. The transaction was facilitated by a team of brokers from JLL, namely Elizabeth DeVesty, Jose Cruz, Michael Oliver, Steve Simonelli, and Marion Jones.

Players

Jose Cruz
102 deals$7.9B volume(201) 240-7546
BROKER

Marion Jones
6 deals$344.9M volume
BROKER

Steve Simonelli
JLL
64 deals$4.9B volume
BROKER

Michael Oliver
JLL
69 deals$4.3B volume
BROKER

Elizabeth DeVesty
JLL
9 deals$612.1M volume(908) 303-0446
BROKER

Ryan Goldstein
4 deals$91.6M volume
BUYER

Ryan Goldstein
4 deals$91.6M volume
BUYER

Details

SOLD
IMAGE: Ryan Goldstein, Steve Simonelli, Jose Cruz, Elizabeth DeVesty, Michael Oliver & Marion Jones DATE: 08/08/2023 ADDRESS: 165 Huguenot Street MARKET: New Rochelle ASSET TYPE: Multifamily BUYER: Intel Capital - Ryan Goldstein BROKERS: Elizabeth DeVesty, Jose Cruz, Michael Oliver, Steve Simonelli - JLL & Marion Jones SALE PRICE: $22,750,000 UNITS: 72 ~ PPU: $315,972 NOTE: Intel Capital has purchased The Printhouse, a high-end 72-unit multifamily property in New Rochelle, New York, for $22.75 million.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$80,825.96
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