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139 5th Avenue

Jake Lapidot Of Cooper Horowitz Secures $11.15M Refinance Loan For Pelham Multifamily Property
FINANCEDMultiFamily

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:

Jake Lapidot of Cooper Horowitz represents the interests involved in this refinance loan transaction, serving as the broker facilitating the deal.

Players

Jake Lapidot

Institutional Property Advisors

Broker

$298.5M

vol

19 deals

Broker

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