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Intel Capital Acquires The Printhouse In New Rochelle For $22.75M
SOLD
New York
See Similar DealsMultiFamily
Sold 08/08/2023
SOLD
Intel Capital Acquires The Printhouse In New Rochelle For $22.75M
165 Huguenot St New Rochelle, NY 10801, USA
See Similar DealsMultiFamily
Sold 08/08/2023
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$80,825.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$107,846.61
Annual Debt Service$1,294,159.28
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