Boris Bialy Secures $480,000 Loan For Office Acquisition In Basking Ridge From PNC Bank
75 South Maple Avenue
$480,000
Building Size
—
Asset Type
Office
Closing
Jan 12, 2025
AI
The property asset involved in this transaction is located at 75 South Maple Avenue in Basking Ridge, with an asset type identified as Office. The acquisition loan amount is $480,000, with loan terms specified for 20 years, provided by PNC Bank to facilitate this transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $480,000
- Lender: PNC Bank
- Landlord: Boris Bialy
- Broker: Isaac Blyakher - Blyakher Real Estate
- Loan Type: Acquisition
- Loan Terms: 20 Years
The key individuals involved in this deal include broker Isaac Blyakher, representing the interests of the landlord, Boris Bialy. Isaac Blyakher is with Blyakher Real Estate and noted a willingness to assist with upcoming commercial real estate transactions.
Players
Basking Ridge 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
33.05%
Cash-on-Cash
-9.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93