HFF Closes $7.475 Million Sale of Three Apartment
Properties in New Rochelle, New York
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $7.475 million sale of three apartment
properties totaling 65 units in New Rochelle, New York.
HFF marketed the properties on behalf of the seller, JEM Holdings. Virginia City, LLC purchased the offering and
assumed the existing mortgage.
The three apartment buildings are located at 347 Huguenot Street, 778 Main Street and 10-14 Glencar Avenue.
All of the properties provide easy access to public transportation and major thoroughfares and are centrally
located within the New Rochelle market. The portfolio has a mix of 39 one-bedroom units, 24 two-bedroom units and 2
three-bedroom units and all three properties are 100 percent leased. 778 Main Street also includes one fully-leased
ground floor retail space.