Tom Gjonlekaj Acquires Multifamily Asset In New Rochelle For $7.025M With Brokers Bill Eisenhut And Steve Simonelli

The transaction involved the sale of a multifamily property located at 35 Clinton Place & 27 Clinton Place in New Rochelle. The sale price was $7,025,000, and the property contains 55 units. The total square footage of the property is 65,000, resulting in a price per unit of $127,727 and a price per square foot of $108.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,025,000
• Buyer: Tom Gjonlekaj
• Seller: Peter Sinnott IV - Sinnott Family
• Brokers: Bill Eisenhut - Cushman & Wakefield & Steve Simonelli - JLL
• Units: 55
• Square Footage: 65,000
• Price Per Unit: $127,727
• Price Per Square Foot: $108

The deal was facilitated by brokers Bill Eisenhut and Steve Simonelli, who represented the buyer and seller in the transaction, respectively. Notably, the deal includes 71 parking spaces in the back of the building as well as future development potential for 27 Clinton Place.