Palladium Management Refinances Westchester Retail Property For $2.56M
133 East Prospect & 151 Mamaroneck Avenue Mamaroneck, New York
$2,560,000
$109/SF
Building Size
23,360 SF
Asset Type
Retail
Closing
Apr 27, 2023
About this deal
AI
Two retail properties in Westchester have successfully undergone a refinancing transaction. The properties, located at 133 East Prospect and 151 Mamaroneck Avenue, have a combined total square footage of 23,360. The transaction took place on April 27, 2023.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $2,560,000
- Market: Westchester
- Address: 133 East Prospect & 151 Mamaroneck Avenue
- Landlord: David Roth - Palladium Management
- Brokers: Michael Lee - HKS Real Estate Advisors
David Roth, representing Palladium Management, acted as the landlord for the transaction. Michael Lee, from HKS Real Estate Advisors, served as the broker. The refinancing loan was obtained for $2,560,000.
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Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.20%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93