People's Security Bank Refinances Mixed-Use Property In Dobbs Ferry For $1.2M
FINANCED
$1,200,000
New York
See Similar DealsMixed-use9,541 SF
Financed 05/19/2022
FINANCED
People's Security Bank Refinances Mixed-Use Property In Dobbs Ferry For $1.2M
59 Main Street, Dobbs Ferry, New York 10522, United States
See Similar DealsMixed-use9,541 SF
Financed 05/19/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$125
Total Square Footage:9,541 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,200,000.00
Monthly NOI$8,000.00
Monthly Debt Service$7,584.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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