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17 Coligni Avenue

Brendan Collin Purchases 17 Coligni Avenue Multifamily Property From Richard Rinaldi For $3.16M
SOLDMultiFamily

Brendan Collin Purchases 17 Coligni Avenue Multifamily Property From Richard Rinaldi For $3.16M

17 Coligni Avenue

$3,160,000

$270/SF

Building Size

11,700 SF

Asset Type

MultiFamily

Closing

Dec 27, 2024

AI

The property involved in this transaction is a MultiFamily asset located at 17 Coligni Avenue in the New Rochelle market. It was sold for a transaction amount of $3,160,000. The asset comprises 18 units with a price per unit of $175,555. The total square footage of the property is 11,700, resulting in a price per square foot of $270.

Summary of transaction details:

The transaction was facilitated by the brokerage team of Michael Scrima and Thomas Gorman Jr., who are representatives from Redwood Realty Advisors, handling the deal for both the buyer and seller aspects. Their expertise contributed to the completion of this property sale.

Players

Michael Scrima

Houlihan Lawrence Commercial

Broker

$214.1M

vol

60 deals

Broker
Thomas Gorman Jr.
Verified Badge

Thomas Gorman Jr.

Houlihan Lawrence Commercial

Broker

$240M

vol

62 deals

Broker

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

5.02%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93