Palladium Management Refinances Westchester Retail Property For $2.56M
FINANCED
$2,560,000
National
See Similar DealsRetail23,360 SF
Financed 04/27/2023
FINANCED
Palladium Management Refinances Westchester Retail Property For $2.56M
133 East Prospect & 151 Mamaroneck Avenue Mamaroneck, New York
See Similar DealsRetail23,360 SF
Financed 04/27/2023
Summary
Asset Type:Retail
Price Per Square Foot:$109
Total Square Footage:23,360 SF
Transaction Type:Loan
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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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,560,000.00
Monthly NOI$17,066.67
Monthly Debt Service$16,180.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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