Updated Oct 29, 2024
Seth Kislin & Jason Forman Secure $12M Loan For Development Site In Dix Hills
100 Long Drive Court, Dix Hills, NY, USA
$12,000,000
$266/SF
Building Size
45,000 SF
Asset Type
Development Site
Closing
Feb 25, 2021
About this deal
AI
Jason Forman and Seth Kislin are involved in a loan transaction for a development site in Dix Hills. The loan amount is $12,000,000. The property is located at 100 Long Drive Court and has a buildable square footage (BSF) of 45,000. The loan is being provided by Jason Forman's lending firm One.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $12,000,000
- Address: 100 Long Drive Court, Dix Hills
- Market: Dix Hills
- Asset Type: Development Site
- Buildable Square Footage: 45,000
Seth Kislin, Scott Johns, and David Hanson of Lynxwood Development Group are the landlords involved in this loan transaction.
Players
Dix Hills Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93