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:
- Property Type: Mixed-Use
- Transaction Amount: $9,997,000
- Date: 08/17/2023
- Lender: Greystone
- Brokers: Chaim Tessler & Ariel Forman - Meridian Capital Group
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
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