FINANCEDMultiFamily
Matthew Barbaccia Of Brix Real Estate Advisors Arranges $1.365M Refinance For Valhalla Multifamily
135 South Kensico Avenue & 145 South Kensico Avenue
$1,365,000
$4/SF
Building Size
320,600 SF
Asset Type
MultiFamily
Closing
May 13, 2024
AI
The multifamily property located at 135-145 S Kensico Avenue in Valhalla spans 160,300 square feet. The loan for this property was refinanced, with Cathay Bank providing $1,365,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,365,000
- Address: 135-145 S Kensico Avenue
- Market: Valhalla
- Asset Type: Multifamily
- Lender: Cathay Bank
- Broker: Matthew Barbaccia - Brix Real Estate Advisors
The broker for this transaction was Matthew Barbaccia from Brix Real Estate Advisors, representing the deal in Valhalla.
Players
Valhalla 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
11.62%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93