AMS Acquisitions Secures $11,750,000 Refinance Loan From IDB For Development Site In Yonkers
$11,750,000
Building Size
—
Asset Type
Development Site
Closing
Jun 3, 2026
AI
The asset involved in this transaction is a development site located at Buena Vista Avenue in Yonkers. The loan amount secured for this property is $11,750,000 through a refinance loan type.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,750,000
- Lender: IDB
- Landlord: AMS Acquisitions
- Landlord's Representative: Morris Betesh, Alex Bailkin & Andrew Rosenberg - Arrow Real Estate Advisors
- Loan Type: Refinance
- Date of Transaction: 6/4/2026
- Market: Yonkers
The transaction includes key individuals such as Morris Betesh, Alex Bailkin, and Andrew Rosenberg, who are actively representing the landlord AMS Acquisitions through Arrow Real Estate Advisors, facilitating this refinance loan deal with IDB.
Players
Yonkers Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93