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800 Main Street

Morris Betesh, Andrew Rosenberg & Alex Bailkin Of Arrow Real Estate Advisors Secures $50.5M Construction Loan For Adult Active Development In Yorktown
FINANCEDDevelopment Site

Morris Betesh, Andrew Rosenberg & Alex Bailkin Of Arrow Real Estate Advisors Secures $50.5M Construction Loan For Adult Active Development In Yorktown

800 Main Street

$50,500,000

Building Size

Asset Type

Development Site

Closing

Feb 10, 2026

AI

The asset involved in the transaction is located at 800 East Main Street in Yorktown. It is classified as an Adult Active Development, with a loan amount of $50,500,000. The financing obtained is a construction loan aimed at supporting the development of this property.

Summary of transaction details:

  • Property Type: Adult Active Development
  • Transaction Amount: $50,500,000
  • Loan Type: Construction
  • Address: 800 East Main Street
  • Market: Yorktown
  • Landlord's Rep: Morris Betesh, Andrew Rosenberg & Alex Bailkin - Arrow Real Estate Advisors

The deal was represented by Morris Betesh, Andrew Rosenberg, and Alex Bailkin from Arrow Real Estate Advisors, indicating a collaborative effort by these professionals to facilitate the transaction for the landlord involved in the development project.

Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$12.4B

vol

214 deals

Broker

Peekskill 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

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93