TD Bank Provides $12M Loan For Mixed-Use Property In Pleasantville
39 Washington Ave, Pleasantville, NY 10570, USA
$12,000,000
$375/SF
Building Size
32,000 SF
Asset Type
Mixed-use
Closing
Jul 1, 2020
About this deal
AI
A mixed-use property located at 39 Washington Avenue in Pleasantville has recently closed in a transaction. The property consists of 23 apartments and 3 commercial spaces, with a total square footage of 32,000. The transaction took place on July 2, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $12,000,000
- Lender: TD Bank
- Landlord: Hexad Holdings - Jordan Errico B
- Brokers: Bryan Geffen, Ross Reiffman – Meridian Capital Group
- Term: 10 years
- Interest Rate: 2.77% Fixed
- Units: 23 apartments, 3 commercial spaces
The deal was facilitated by Bryan Geffen and Ross Reiffman of the Meridian Capital Group. They represented the buyer and seller in the transaction, ensuring a successful closing.
On the Map
$12,000,000
$375/SF
Mixed-use
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Players
Pleasantville 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93