Jake Lapidot Of Cooper Horowitz Secures $11.15M Refinance Loan For Pelham Multifamily Property
FINANCED
$11,150,000
New York
See Similar DealsMultiFamily44,000 SF
Financed 10/17/2024
FINANCED
Jake Lapidot Of Cooper Horowitz Secures $11.15M Refinance Loan For Pelham Multifamily Property
139 5th Avenue
See Similar DealsMultiFamily44,000 SF
Financed 10/17/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$253
Total Square Footage:44,000 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 139 5th Avenue in Pelham, with a total square footage of 44,000. The loan amount for this refinance transaction is $11,150,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,150,000
- Address: 139 5th Avenue
- Market: Pelham
- Broker: Jake Lapidot - Cooper Horowitz
- Loan Type: Refinance
Jake Lapidot of Cooper Horowitz represents the interests involved in this refinance loan transaction, serving as the broker facilitating the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,150,000.00
Monthly NOI$74,333.33
Monthly Debt Service$70,475.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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