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481 Main Street

Updated Oct 8, 2026

Baker Capital Acquires Office Building In New Rochelle For $3,550,000 With Rosewood Realty Group
SOLDOffice

Baker Capital Acquires Office Building In New Rochelle For $3,550,000 With Rosewood Realty Group

481 Main Street

$3,550,000

$144/SF

Building Size

24,500 SF

Asset Type

Office

Closing

Oct 1, 2026

About this deal

AI

The asset involved in this transaction is an office property located at 481 Main Street, New Rochelle. The sale price for this property was $3,550,000, which translates to a price per unit of $253,571. The total area of the property is 24,500 square feet, resulting in a price per square foot of $144.

Summary of transaction details:

The transaction was facilitated by a team of brokers from Rosewood Realty Group, which included Aaron Jungreis, Ben Khakshoor, Alex Fuchs, and Ian Heyman. They played a significant role in negotiating the details of the sale between Baker Capital and Matt Rettner.

On the Map

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$3,550,000

$144/SF

Office

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Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.6B

vol

218 deals

Broker
Baker Capital Group
Baker Capital GroupBuyer

Matt Rettner

Seller

$16.6M

vol

6 deals

Seller
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New Rochelle Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $144 per square foot on a published $3.6M for 24,500 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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