People's Security Bank Refinances Mixed-Use Property In Dobbs Ferry For $1.2M
59 Main Street, Dobbs Ferry, New York 10522, United States
$1,200,000
$125/SF
Building Size
9,541 SF
Asset Type
Mixed-use
Closing
May 18, 2022
About this deal
AI
Located at 59 Main Street in Dobbs Ferry, this mixed-use property spans a total of 9,541 square feet. The property was recently involved in a closed transaction, with the loan being secured for a refinance.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Address: 59 Main Street
- Market: Dobbs Ferry
- Loan Type: Refinance
The lender for this transaction was People's Security Bank. The property is owned by Plitnick Real Estate Corp., represented by Edward Plitnick. The brokers involved in this deal were David May and Evan Boles, of Progress Capital.
Players
Dobbs Ferry 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93