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810 Main Street

Jeff Sutton & Eliot Tawil Acquire Retail Property In New Rochelle For $8.5M
SOLDRetail

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

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

Greg Batista

Broker

$33.9M

vol

8 deals

Broker
Jeff Sutton

Jeff Sutton

Buyer

$5.5B

vol

56 deals

Buyer
Wharton Properties
Wharton PropertiesBuyer

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