Corey Gluckstal, Andrew Zambratto, Guy Canzoneri Secure $4M Loan For Mixed-Use Property On New York Avenue In Huntington
FINANCED
$4,000,000
New York
See Similar DealsMixed-use8,000 SF
Financed 07/28/2020
FINANCED
Corey Gluckstal, Andrew Zambratto, Guy Canzoneri Secure $4M Loan For Mixed-Use Property On New York Avenue In Huntington
356 New York Ave, Huntington, NY 11743, USA
See Similar DealsMixed-use8,000 SF
Financed 07/28/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$500
Total Square Footage:8,000 SF
Transaction Type:Loan
A mixed-use property located at 356 New York Avenue in Huntington has been involved in a recent closed transaction. The property consists of both residential and commercial units, making it a versatile investment opportunity.
Summary of transaction details:
- Property Type: Mixed-use
- Loan Amount: $4,000,000
- Lender: Sterling National Bank
- Landlord: Corey Gluckstal, Andrew Zambratto, Guy Canzoneri
Sterling National Bank provided a loan amount of $4,000,000 for this transaction. The loan terms include a five-year term, with the first three years on an interest-only basis.
Corey Gluckstal, Andrew Zambratto, and Guy Canzoneri are the landlords involved in this deal. They represent the ownership of the property and facilitated the transaction as key individuals.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,000,000.00
Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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