Jake Lapidot Secures $9.25M Refinance Loan For Mixed-Use Property In Yonkers
222 Lake Avenue
$9,250,000
$168/SF
Building Size
55,000 SF
Asset Type
Mixed-use
Closing
May 13, 2024
About this deal
AI
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.
On the Map
$9,250,000
$168/SF
Mixed-use
View full map
Yonkers Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Jake Lapidot to view all their deals.
Browse Yonkers mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93