Updated Mar 11, 2025
Brix Real Estate Advisors Provides $800K Bridge Loan For Development Site In Westchester County
208 Highbrook Ave, Pelham, NY 10803
$800,000
$263/SF
Building Size
3,031 SF
Asset Type
Development Site
Closing
Dec 15, 2021
About this deal
AI
Located at 208 Highbrook Lane in Westchester County, this development site is a prime asset for future growth. With a buildable square footage (BSF) of 3,031, it offers ample space for potential construction projects.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $800,000
- Loan Type: Bridge loan (purchase/construction of a single-family spec home)
- Lender: Brix Real Estate Advisors - Matthew Barbaccia
- Landlord: Leo Anos
Brix Real Estate Advisors, represented by Matthew Barbaccia, provided a bridge loan of $800,000 for the purchase and construction of a single-family spec home. Leo Anos, the landlord, is poised to benefit from this investment opportunity.
Players
Pelham 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
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93