Jake Lapidot Of Cooper Horowitz Secures $11.15M Refinance Loan For Pelham Multifamily Property
139 5th Avenue
$11,150,000
$253/SF
Building Size
44,000 SF
Asset Type
MultiFamily
Closing
Oct 17, 2024
AI
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.
New Rochelle 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
1.42%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93