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28 Wells Avenue, Yonkers, N...

JLL Arranges $230M Refinance Loan For Mixed-Use Property In Yonkers - 28 Wells Ave. Lionsgate Studios
FINANCEDMixed-use

JLL Arranges $230M Refinance Loan For Mixed-Use Property In Yonkers - 28 Wells Ave. Lionsgate Studios

28 Wells Avenue, Yonkers, New York 10701, United States

$230,000,000

$491/SF

Building Size

468,287 SF

Asset Type

Mixed-use

Closing

Apr 3, 2022

AI

The mixed-use property located at 28 Wells Ave. in Lionsgate Studios Yonkers has been the subject of a recent loan refinance transaction. The property spans a total area of 468,287 square feet and is situated in the market of Yonkers, New York.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $230,000,000
  • Date: 04/04/2022
  • Address: 28 Wells Ave. - Lionsgate Studios Yonkers
  • Market: Yonkers
  • Size: 468,287 square feet

The loan refinance was secured by the property's landlord, National Resources. The transaction was facilitated by the broker team consisting of Michael Zaremski, Michael Shmuely, John Flynn, and Jimmy Cochran from JLL.

Players

Michael Shmuely

JLL

Broker

$2.6B

vol

27 deals

Broker
NR
National ResourcesLandlord

City of Yonkers 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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93