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
$4,000,000
$500/SF
Building Size
8,000 SF
Asset Type
Mixed-use
Closing
Jul 27, 2020
AI
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.
Players
Huntington 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93