Updated Oct 28, 2024
TRITEC Real Estate Company Refinances Multifamily Property In Long Island For $203.1M With Greystone As Lender
1000 Mill Road, Ronkonkoma, New York 11779, United States
$203,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 31, 2022
About this deal
AI
TRITEC Real Estate Company has secured a refinancing loan for a multifamily property located at 1000 Mill Road in Long Island. The loan, provided by greystone''>Greystone, amounts to $203,100,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $203,100,000
- Date: 02/01/2022
- Address: 1000 Mill Road
- Market: Long Island
The refinancing loan was facilitated by Dan Gillard, Drew Fletcher, Matthew Hirsch, Jesse Kopecky, and Tori Colledge from Greystone. TRITEC Real Estate Company, the landlord, successfully obtained the funds for the property.
NOTE: No additional details were provided regarding the specific characteristics or amenities of the property.
On the Map
$203,100,000
MultiFamily
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Players
Ronkonkoma 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93