Benchmark Real Estate Group Secures $20.61 Million Acquisition Loan For Multifamily Asset In White Plains
1 Dekalb Avenue
$20,605,000
$261/SF
Building Size
78,864 SF
Asset Type
MultiFamily
Closing
Apr 24, 2025
AI
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.
Players
White Plains MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93