6 story, 60 unit multi-family mixed use, wood framed modular building, automated parking, art gallery will be one of two ground level retail spaces. Contains studios, one-bedrooms and 2 bedrooms. Architect is Doban Architecture, developer is Rye-based, CAC Realty.

Project Data*

Building
Budget: $18,710,836
Studios: 20
1BR: 33
2BR: 7
3BR: 0
4BR: 0
Affordable: 7
Total: 60
Parking: 57
Stories: 6
Retail Space: 2400 sqft
Occupancy
Residents: 100
Students: 1
School: Columbus

Jobs
Construction: 20
Permanent FT: 8
Permanent PT: 2
Dates
Status: IDA Approved

Planning Board Approval: 7/26/2016
IDA Approval: 5/30/2018
Constr. Start: 11/1/2016
Length: 11 months
Completion: 9/30/2017
Tax Incentives
"As Is" Tax: $850,408
Full Property Tax: $4,766,808
PILOT: $2,890,856
Owner Savings: $1,875,952
PILOT (yrs): 20

Mortgage Tax Exemption: $158600
Fair Share Mitigation: $62,437

Data Last Updated: 11/7/2018

*Data listed here is subject to change. FOIL/FOIA requests are pending to obtain any missing data. Some of these numbers are estimated. Data comes from city documents.

** GLOSSARY TERMS: "As Is" taxes are the taxes of the property before development. Full Property Taxes are the taxes of the property after development. PILOT means Payment in Lieu of Taxes, which is less than full property taxes. Owner savings is the property tax abatement in dollars and as a percent of Full Property Taxes. PILOT length is the number of years that the PILOT is in effect. Fair Share Mitigation (FSM) fees are monies collected by the City from the developer to cover future infrastructure needs. The school system gets approximately 2/3 of the FSM fees.

*** Residents are calculated as follows: Studios = 1, 1BR = 1.5, 2BR = 3, 3BR = 4.5 (NDC formula) Students are calculated as follows: Studios (*0), 1BR (*0.014), 2BR (*0.141), 3BR (*0.213) (NDC formula)

*Data updating and collection is done by volunteers and may contain the occasional error or miscalculation.

** New Rochelle Parking Code including Minimum number of Spaces

** New Rochelle School District Street Directory (to see what school is assigned to each address in the city)

Progress Gallery

2/13/2022

1/19/2022

1/19/2022

1/16/2022

EV charging station

1/16/2022

EV charging station

1/16/2022

"Uber" Room

1/16/2022

Luxor Mailroom

1/16/2022

Lobby

1/16/2022

Checile Family - from left Ciro, Lisa, Frank

1/16/2022

1 Bedroom unit

1/16/2022

1 Bedroom unit

1/16/2022

Walk-in closet

1/16/2022

Washer / Dryer in each unit

1/16/2022

1 Bedroom unit

1/16/2022

1 Bedroom unit

1/16/2022

1 Bedroom unit

1/16/2022

1 Bedroom unit

1/16/2022

1 Bedroom unit

1/16/2022

Blomberg appliances

1/16/2022

Studio bathroom

1/16/2022

Studio bathroom

1/16/2022

Studio apartment

1/16/2022

Studio apartment

1/16/2022

Floor 6 terrace

1/16/2022

Floor 6 terrace

1/16/2022

2 bedroom apartment on 6th floor

1/16/2022

2 bedroom apartment on 6th floor

1/16/2022

On roof -- Ciro Chechile, Karen Hessel, Frank Chechile

1/16/2022

Pet spa room in basement

1/16/2022

Gym in basement

1/16/2022

Lobby

12/5/2021

10/31/2021

9/26/2021

9/26/2021

9/26/2021

9/19/2021

Constructing automated parking system

9/19/2021

Constructing automated parking system

9/19/2021

9/19/2021

9/19/2021

8/8/2021

8/8/2021

5/23/2021

5/23/2021

5/23/2021

5/23/2021

4/18/2021

2/21/2021

2/21/2021

1/10/2021

12/26/2020

12/26/2020

12/6/2020

12/6/2020

12/6/2020

11/21/2020

11/21/2020

11/21/2020

11/8/2020

11/8/2020

10/21/2020

10/21/2020

10/21/2020

10/21/2020

10/14/2020

10/14/2020

10/14/2020

10/14/2020

10/14/2020

9/27/2020

8/30/2020

8/23/2020

8/23/2020

4/21/2020

3/14/2020

3/14/2020

3/14/2020

2/23/2020

2/23/2020

2/23/2020

1/11/2020

1/11/2020

1/11/2020

12/8/2019

11/29/2019

11/29/2019

10/27/2019

9/14/2019

Excavation

9/14/2019

Excavation

9/14/2019

Excavation

7/22/2019

7/11/2019

7/11/2019

7/11/2019

6/21/2019

6/5/2019

Photo from Frank Chechile

5/4/2019

5/4/2019

3/24/2019

3/24/2019

3/11/2019

3/11/2019

2/17/2019

2/11/2019

Photo by Frank Chechile

1/6/2019

7/1/2016

7/1/2016