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:
- Property Type: Office
- Transaction Amount: $3,550,000
- Units: 14
- Square Footage: 24,500
- Price Per Unit: $253,571
- Price Per Square Foot: $144
- Buyer: Baker Capital
- Seller: Matt Rettner
- Brokers: Aaron Jungreis, Ben Khakshoor, Alex Fuchs & Ian Heyman - Rosewood Realty Group
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
$3,550,000
$144/SF
Office
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Players
New Rochelle Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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