Suffolk Credit Union Provides $2,600,000 Acquisition Loan For Mixed-Use Property In Long Island
791 Middle Country Road
$2,600,000
$173/SF
Building Size
15,000 SF
Asset Type
Mixed-use
Closing
Sep 18, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 791 Middle Country Road in Long Island. The property encompasses a total square footage of 15,000 and is associated with a loan amount of $2,600,000.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $2,600,000
- Loan Type: Acquisition
- Loan Terms: 5-year fixed; perm loan
- Lender: Suffolk Credit Union
- Broker: Gabe Icikson - Meridian Capital Group
Key individuals involved in this transaction include Gabe Icikson, who represented the acquisition through his role at Meridian Capital Group. The loan acquired from Suffolk Credit Union supports the financial needs associated with this property deal.
On the Map
$2,600,000
$173/SF
Mixed-use
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Saint James 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93