Al Bozzolo Of Flushing Bank Provides $17 Million Refinance Loan For Mixed-use Property In Manhattan Valley
FINANCED
$17,000,000
New York
See Similar DealsMixed-use15,000 SF
Financed 12/13/2024
FINANCED
Al Bozzolo Of Flushing Bank Provides $17 Million Refinance Loan For Mixed-use Property In Manhattan Valley
2750 Broadway
See Similar DealsMixed-use15,000 SF
Financed 12/13/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,133
Total Square Footage:15,000 SF
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located at 2750 Broadway in the Manhattan Valley market. The square footage of the asset is 15,000, with a loan amount of $17,000,000 for refinancing purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $17,000,000
- Address: 2750 Broadway
- Market: Manhattan Valley
- Lender: Al Bozzolo - Flushing Bank
- Broker: Ezra Sutton - Meridian Capital Group
- Loan Type: Refinance
The key individuals involved in the transaction are Al Bozzolo, who represents Flushing Bank as the lender, and Ezra Sutton, who represents Meridian Capital Group as the broker for the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,000,000.00
Monthly NOI$113,333.33
Monthly Debt Service$107,451.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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