A six-story elevator apartment building in New Rochelle was acquired last month by a midtown Manhattan real estate investment company at a price 35 percent higher than it sold at less than four years ago.
DBMD Realty Holdings L.L.C. paid $6.4 million for the approximately 41,700-square-foot, 44-unit building at 126 Franklin Ave. The seller, Echo Bay Properties L.L.C. in Larchmont, paid $4.75 million for the property in December 2009.
