Updated Sep 5, 2024
Krystalina Demasi & Joey Demasi Secure $2.35M Loan For Mamaroneck Multifamily Property
115 Andrew Street, Mamaroneck, NY, USA
$2,350,000
$235/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
About this deal
AI
The multifamily property located at 115 Andrew St. in Mamaroneck was recently involved in a loan transaction. The property spans approximately 10,000 square feet and consists of 14 units. The loan was secured for a total amount of $2,350,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Address: 115 Andrew St.
- Market: Mamaroneck
- Square Footage: 10,000
- Number of Units: 14
The lender involved in this transaction was lument''>Lument, represented by Adam Abuaf. The landlords of the property are Krystalina Demasi and Joey Demasi. The broker responsible for the deal is Jake Gluck.
Players
Mamaroneck 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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93