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
City of Yonkers Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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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