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
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