People United Bank Provides $1.665M Refinance Loan For Mixed-Use Property In Patchogue
FINANCED
$1,665,000
New York
See Similar DealsMixed-use24,370 SF
Financed 12/20/2021
FINANCED
People United Bank Provides $1.665M Refinance Loan For Mixed-Use Property In Patchogue
263 West Main Street, Patchogue, New York 11772, United States
See Similar DealsMixed-use24,370 SF
Financed 12/20/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$68
Total Square Footage:24,370 SF
Transaction Type:Loan
The mixed-use property located at 263-265 W. Main Street in Patchogue has been the subject of a recent closed transaction. The property spans an impressive 24,370 square feet, offering a versatile space for both residential and commercial use.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,665,000
- Date: 12/20/2021
- Address: 263-265 W. Main Street, Patchogue
- Market: Patchogue
- Landlord: Allon Avgi
- Broker: John Libretti - Progress Capital
The loan for this transaction was provided by People United Bank, with a total amount of $1,665,000. The purpose of the loan was to refinance the property. Allon Avgi serves as the landlord in this deal, while John Libretti of Progress Capital acted as the broker representing the involved parties.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,665,000.00
Monthly NOI$11,100.00
Monthly Debt Service$10,523.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions