Allstate Ventures Secures $48M Construction Loan For Mixed-Use Property At 64 Centre Street In New Rochelle
64 Centre Street, Bronx, NY 10464, USA
$48,000,000
Units
144
Asset Type
Mixed-use
Closing
Oct 25, 2021
About this deal
AI
64 Centre Street, a mixed-use property consisting of 144 units, located in New Rochelle, was involved in a recent transaction.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $48,000,000
- Address: 64 Centre Street
- Market: New Rochelle
- Units: 144
Scale Lending, represented by Martin Nussbaum & David Schwartz, provided a $48,000,000 construction loan for the transaction. Allstate Ventures acted as the landlord in this deal.
The mixed use loan at 64 Centre Street, Bronx, NY 10464, USA in New York, New York financed for $48M in 2021. Reported inventory is 144 units across 144 units. This page is the New York, New York file for the 64 Centre Street, Bronx, NY 10464, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 64 Centre Street, Bronx, NY 10464, USA around 2021. Published consideration for 64 Centre Street, Bronx, NY 10464, USA is $48M, dated 2021. Cite this Allstate Ventures Secures $48M Construction Loan For Mixed-Use Property At 64 Centre Street In New Rochelle loan when underwriting similar mixed use product around New York, New York.
Players
New York 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93