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75 South Maple Avenue

Boris Bialy Secures $480,000 Loan For Office Acquisition In Basking Ridge From PNC Bank
FINANCEDOffice

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

Isaac Blyakher
Verified Badge

Isaac Blyakher

Blyakher Real Estate

Broker

$68.5M

vol

18 deals

Broker
PNC Bank
PNC BankLender
Blyakher Real Estate
Blyakher Real EstateLandlord

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