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124-132 Harbor Road, Staten...

David Roth's Palladium Management Refinances Multifamily Property In Staten Island For $1.3M With Kearny Bank
FINANCEDMultiFamily

David Roth's Palladium Management Refinances Multifamily Property In Staten Island For $1.3M With Kearny Bank

124-132 Harbor Road, Staten Island, NY, USA

$1,300,000

$173/SF

Building Size

7,500 SF

Asset Type

MultiFamily

Closing

Sep 24, 2021

AI

The multifamily property located at 124-132 Harbor Road in Staten Island has undergone a refinancing transaction. The property spans approximately 7,500 square feet and consists of 5 units. The transaction took place on September 24, 2021, and David Roth of Palladium Management serves as the landlord.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 124-132 Harbor Road, Staten Island
  • Market: Staten Island
  • Square Footage: 7,500
  • Units: 5

Kearny Bank provided the refinancing loan for this transaction. David Roth, representing Palladium Management, serves as the landlord. The loan amount for the refinancing is $1,300,000.

Players

Kearny Bank
Kearny BankLender

David Roth

Palladium Management

Landlord

$30.9M

vol

9 deals

Landlord

New York 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93