Benchmark Real Estate Group Secures $20.61 Million Acquisition Loan For Multifamily Asset In White Plains
FINANCED
$20,605,000
New York
See Similar DealsMultiFamily78,864 SF
Financed 04/24/2025
FINANCED
Benchmark Real Estate Group Secures $20.61 Million Acquisition Loan For Multifamily Asset In White Plains
1 Dekalb Avenue
See Similar DealsMultiFamily78,864 SF
Financed 04/24/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$261
Total Square Footage:78,864 SF
Transaction Type:Loan
The property asset involved in this transaction is located at 1 Dekalb Avenue, White Plains. The asset is classified as a multifamily property and consists of 78,864 square feet, containing a total of 76 units. The landlord for this property is Benchmark Real Estate Group, and the acquisition loan secured for this transaction amounts to $20,605,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,605,000
- Square Footage: 78,864
- Units: 76
- Address: 1 Dekalb Avenue
- Market: White Plains
- Lender: Greystone (Fannie Mae)
- Landlord: Benchmark Real Estate Group
- Landlord's Representative: Alan Blank & Cecelia Galligan - Cushman & Wakefield
- Loan Type: Acquisition
The deal involves key representatives Alan Blank and Cecelia Galligan from Cushman & Wakefield, who represent the landlord, Benchmark Real Estate Group, in this acquisition transaction. Their involvement underscores the professional brokerage support behind the undertaking of this multifamily asset financing.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,605,000.00
Monthly NOI$137,366.67
Monthly Debt Service$130,237.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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