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1 Sherwood Terrace Yonkers,...

Greystone Refinances Mixed-Use Property At 1-3 Sherwood Terrace In Yonkers For $9.99M
FINANCEDMixed-use

Greystone Refinances Mixed-Use Property At 1-3 Sherwood Terrace In Yonkers For $9.99M

1 Sherwood Terrace Yonkers, Ny 10704, Usa

$9,997,000

Building Size

Asset Type

Mixed-use

Closing

Aug 17, 2023

AI

The property asset involved in this transaction is a mixed-use development located at 1-3 Sherwood Terrace in Yonkers. The asset consists of 65 residential units alongside 7 retail units, with a loan amount of $9,997,000 being applied for refinancing purposes.

Summary of transaction details:

The deal involved the collaboration of brokers Chaim Tessler and Ariel Forman, both representing Meridian Capital Group in the transaction. Their expertise facilitated the refinancing process with Greystone as the lender for this property transaction.

Players

Chaim Tessler

Meridian Capital Group

Broker

$423.1M

vol

17 deals

Broker
Greystone
GreystoneBrokerage
Greystone
GreystoneLender

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93