Updated Oct 28, 2024
Cooper-Horowitz Arranges $10.4M Construction Loan For Development Site In Pelham
139 5th Avenue, Pelham, NY, USA
$10,400,000
$231/SF
Building Size
44,890 SF
Asset Type
Development Site
Closing
Oct 29, 2021
About this deal
AI
A development site located at 139 5th Avenue in Pelham has been sold in a closed transaction. The property, which includes retail space, consists of 28 residential units and has a built-up square footage (BSF) of 44,890. The transaction took place on October 29, 2021.
Summary of transaction details:
- Property Type: Development Site
- Address: 139 5th Avenue, Pelham
- Market: Pelham
- BSF: 44,890
- Units: 28 residential units + retail
- Loan Amount: $10,400,000
- Loan Type: Construction Loan
The lender involved in this transaction is BHI USA, providing a construction loan of $10,400,000. The broker representing the deal is Jake Lapidot from Cooper-Horowitz.
New Rochelle Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Visit Jake Lapidot to view all their deals.
Browse New Rochelle development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93