David Roth's Palladium Management Refinances Multifamily Property In Staten Island For $1.3M With Kearny Bank
FINANCED
$1,300,000
New York
See Similar DealsMultiFamily7,500 SF
Financed 09/24/2021
FINANCED
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
See Similar DealsMultiFamily7,500 SF
Financed 09/24/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$173
Total Square Footage:7,500 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,300,000.00
Monthly NOI$8,666.67
Monthly Debt Service$8,216.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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