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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
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