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50 Roosevelt Avenue, Lynbro...

Sharon Nachman, Harris Lukashok & Marcia Kaufman Provides $3.5M Loan For Lynbrook Development Site
FINANCEDDevelopment Site

Sharon Nachman, Harris Lukashok & Marcia Kaufman Provides $3.5M Loan For Lynbrook Development Site

50 Roosevelt Avenue, Lynbrook, NY, USA

$3,500,000

$208/SF

Building Size

16,821 SF

Asset Type

Development Site

Closing

Mar 15, 2021

AI

A development site located at 50 Roosevelt Avenue in Lynbrook has been involved in a recent closed transaction. The property, with a buildable square footage (BSF) of 16,821, was the subject of a loan. The loan was provided by Sharon Nachman, Harris Lukashok & Marcia Kaufman, who operate ayportFunding, in the amount of $3,500,000.

Summary of transaction details

  • Property Type: Development Site
  • Address: 50 Roosevelt Avenue
  • Market: Lynbrook
  • BSF: 16,821
  • Lender: Sharon Nachman, Harris Lukashok & Marcia Kaufman ayportFunding
  • Loan Amount: $3,500,000

The loan was provided by Sharon Nachman, Harris Lukashok & Marcia Kaufman of ayportFunding. Their involvement in this transaction showcases their expertise as lenders in the real estate market. This loan will provide financial support for the development of the property, allowing for potential growth and expansion in the Lynbrook area.

Players

Marcia Kaufman

Bayport Funding

Broker

$34.1M

vol

10 deals

Broker
Marcia Kaufman

Marcia Kaufman

BayportFunding

Lender

$34.1M

vol

10 deals

Lender
Bayport Funding
Bayport FundingLender

Lynbrook 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93