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59 East Street, Nanuet, NY,...

NVE Bank Provides $1.7M Loan For Mixed-Use Property On Route 59, Nanuet
FINANCEDMixed-use

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

David May

Progress Capital

Broker

$24.2M

vol

10 deals

Broker
NVE Bank
NVE BankLender

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