Jake Lapidot Secures $9.25M Refinance Loan For Mixed-Use Property In Yonkers
FINANCED
$9,250,000
New York
See Similar DealsMixed-use55,000 SF
Financed 05/13/2024
FINANCED
Jake Lapidot Secures $9.25M Refinance Loan For Mixed-Use Property In Yonkers
222 Lake Avenue
See Similar DealsMixed-use55,000 SF
Financed 05/13/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$168
Total Square Footage:55,000 SF
Transaction Type:Loan
The property located at 222 Lake Avenue in Yonkers is a mixed-use asset with a total square footage of 55,000. The recent loan transaction involving this property amounted to $9,250,000 and was a refinancing deal.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,250,000
- Address: 222 Lake Avenue
- Market: Yonkers
- Broker: Jake Lapidot - Cooper Horowitz
The loan transaction was facilitated by Jake Lapidot from Cooper Horowitz. The deal involved refinancing the property at 222 Lake Avenue in Yonkers, showcasing the expertise of the individuals and the firm in managing such financial transactions.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,250,000.00
Monthly NOI$61,666.67
Monthly Debt Service$58,466.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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