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Successful Sale of 46 Park Place, New Rochelle, Westchester
Bob Knakal facilitated the sale of 46 Park Place, a multifamily walk-up building located in New Rochelle, Westchester. The 29,529 square foot building with 37 units was sold for $3,400,000, demonstrating the property's strong value in the market.
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Sale Details
The property at 46 Park Place was successfully sold for $3,400,000, equating to a price of $115.14 per square foot. Bob's strategic marketing and insight into the local multifamily market helped secure a strong sale price for the property.
- Sale Price: $3,400,000
- Property Type: Multifamily, Walk-Up
- Sale Date: February 6, 2008
- Building Size: 29,529 SF
- Price per SF: $115.14
Property Details
The property at 46 Park Place in New Rochelle is a multifamily walk-up consisting of 37 residential units. The building's location in the Westchester area provided access to local amenities and easy transportation links, making it an attractive investment.
- Full Address: 46 Park Place, New Rochelle, NY 10801
- Property Type: Multifamily, Walk-Up
- Building Size: 29,529 SF
- Units: 37
Market Strategy and Execution
Bob Knakal's extensive experience with multifamily properties allowed him to position 46 Park Place effectively within the New Rochelle market. Through a combination of targeted marketing and leveraging market insights, Bob ensured a successful transaction.
Neighborhood Overview
New Rochelle offers:
- Convenient access to New York City, with train services that offer a quick commute.
- A mix of suburban and urban appeal, attracting families and individuals seeking affordable living with easy city access.
- Growing demand for multifamily properties, with strong rental income potential.
Conclusion
The sale of 46 Park Place exemplifies Bob Knakal's ability to deliver strong results for clients. By leveraging his market expertise and strategic approach, Bob was able to secure a sale price that maximized value for the seller.
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