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1 Dekalb Avenue

Benchmark Real Estate Group Secures $20.61 Million Acquisition Loan For Multifamily Asset In White Plains
FINANCEDMultiFamily

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

Alan Blank

Cushman & Wakefield

Broker

$1.3B

vol

13 deals

Broker
Greystone
GreystoneLender
Greystone
GreystoneLender

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