Updated Feb 16, 2024
TD Bank Provides $1.7M Refinance Loan For Bayonne, NJ Office Building
354 Avenue C, Bayonne, NJ, USA
$1,700,000
$136/SF
Building Size
12,500 SF
Asset Type
Office
Closing
Sep 19, 2021
About this deal
AI
The office property located at 354 Avenue C in Bayonne, NJ has been involved in a recent transaction. The property spans 12,500 square feet and is classified as an office asset. The deal involved a loan refinancing.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,700,000
- Date: 09/20/2021
- Address: 354 Avenue C, Bayonne, NJ
- Market: Bayonne, NJ
- Lender: TD Bank
- Landlord: Dr. Paul Hriso
- Brokers: Kathy Anderson & Caillin Boles - Progress Capital
The loan refinancing was facilitated by TD Bank. The landlord in the transaction is Dr. Paul Hriso. The brokers involved in the deal are Kathy Anderson and Caillin Boles from Progress Capital.
Players
Bayonne Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93