Updated Feb 16, 2024
Lionheart Strategic Management And Centennial Bank Provide $142M Loan For Development Site In Sleepy Hollow
4 Lighthouse Landing, Sleepy Hollow, New York 10591, United States
$142,000,000
Units
100
Asset Type
Development Site
Closing
Sep 7, 2022
About this deal
AI
A development site located at 4 Lighthouse Landing in Sleepy Hollow has recently been involved in a closed transaction. The property, which is categorized as a development site, consists of 100 units. The transaction took place on September 8, 2022. The loan amount for this transaction was $142,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $142,000,000
- Address: 4 Lighthouse Landing
- Market: Sleepy Hollow
- Units: 100
Involved in the transaction were Lionheart Strategic Management, represented by Andy Klein, and Centennial Bank, who served as the lenders. Biddle Real Estate Ventures, represented by Peter Chavkin, and PCD Development, represented by Jon Stein, were the landlords.
On the Map
$142,000,000
Development Site
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Players
Sleepy Hollow 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93