Jeff Sutton & Eliot Tawil Acquire Retail Property In New Rochelle For $8.5M
810 Main Street
$8,500,000
$1,174/SF
Building Size
7,239 SF
Asset Type
Retail
Closing
Feb 13, 2019
About this deal
AI
Located at 810 Main St. in New Rochelle, a retail property has been sold for a total of $8.5 million. The property spans over 7,239 square feet, resulting in a price per square foot of $1,174. The transaction took place on February 13, 2019, and the asset was acquired by Jeff Sutton and Eliot Tawil.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8.5M
- Address: 810 Main St., New Rochelle
- Square Footage: 7,239
- Price Per Square Foot: $1,174
Represented by Greg Batista from Ripco, the deal was facilitated between the seller, Frank Vacari, and the buyers, Jeff Sutton & Eliot Tawil. Joseph Sutton also played a role in the transaction.
Players
City of New Rochelle Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93