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NEW ROCHELLE, N.Y. — New York City-based Massey Knakal Realty Services has arranged the sale of a six-story apartment building, located at 126 Franklin Ave. in New Rochelle, for $4.75 million. The elevator-served building contains 44 residences comprising 25 one-bedroom units, 18 two-bedroom units and one studio. The property features ground-floor laundry facilities, as well as 41 indoor and outdoor parking spaces. Massey Knakal’s John Barrett represented the seller, 126 Franklin Avenue Partners, and procured the buyer, Echo Bay Properties. The building traded at a 6.3 percent capitalization rate.