Spencer Savings Bank Provides $2.995M Construction Loan For Mixed-Use Property In Irvington, NJ
FINANCED
$2,995,000
New Jersey
See Similar DealsMixed-use13,790 SF
Financed 01/12/2022
FINANCED
Spencer Savings Bank Provides $2.995M Construction Loan For Mixed-Use Property In Irvington, NJ
1127 Stuyvesant Avenue, Irvington, New Jersey 07111, United States
See Similar DealsMixed-use13,790 SF
Financed 01/12/2022
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$217
Total Square Footage:13,790 SF
Transaction Type:Loan
The mixed-use property located at 1127-1133 Stuyvesant Avenue in Irvington, NJ has recently been involved in a closed transaction. The property spans over 13,790 square feet and consists of 19 units. The transaction took place on January 12, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,995,000
- Address: 1127-1133 Stuyvesant Avenue, Irvington, NJ
- Market: Irvington, NJ
- Square Footage: 13,790
- Units: 19
The loan for this transaction was provided by Spencer Savings Bank. The landlords of the property are Avi Gagin and Eyal Gagin. The brokers who represented the parties involved in the deal are Brad Domenico and Frank Stanislaski from Progress Capital. The loan, totaling $2,995,000, was of the construction type.
Players
LENDER
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,995,000.00
Monthly NOI$19,966.67
Monthly Debt Service$18,930.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions