Updated Oct 13, 2026
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
About this deal
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.
On the Map
$3,500,000
$208/SF
Development Site
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Players
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