Hudson Valley Federal Credit Union Refinances Multifamily Property In Painted Post For $1.64M
13 Eagle Drive, Painted Post, New York 14870, United States
$1,640,000
$96/SF
Building Size
17,000 SF
Asset Type
MultiFamily
Closing
Oct 23, 2022
AI
A multifamily property located at 13-19 Eagle Drive in Painted Post was recently involved in a loan transaction. The property spans approximately 17,000 square feet and consists of 16 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,640,000
- Address: 13-19 Eagle Drive
- Market: Painted Post
- Landlord: Geno Costello
The loan for this transaction was provided by Hudson Valley Federal Credit Union. The loan type is a refinance. John Libretti from Progress Capital served as the broker in this deal.
Players
Painted Post 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
9.67%
Cash-on-Cash
-2.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93