NVE Bank Provides $1.7M Loan For Mixed-Use Property On Route 59, Nanuet
59 East Street, Nanuet, NY, USA
$1,700,000
Building Size
—
Asset Type
Mixed-use
Closing
Mar 31, 2021
AI
128, 132, and 134 E. Route 59 in Nanuet have undergone a recent closed transaction. The mixed-use property, located in the Nanuet market, has been involved in a loan deal.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,700,000
- Address: 128, 132, 134 E. Route 59, Nanuet
- Market: Nanuet
In this loan deal, NVE Bank acted as the lender providing a loan amount of $1,700,000. Brokers David May and Evan Boles from Progress.Capital represented the parties involved in the transaction.
Note: No additional information was available regarding the specific terms or conditions of the loan deal.Players
West Nyack Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93