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AMS Acquisitions Acquires Multifamily Property In Yonkers For $2M

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FINANCED
$2,000,000

New York

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MultiFamily27,724 SF
Financed 08/20/2019
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Property Image
FINANCED

AMS Acquisitions Acquires Multifamily Property In Yonkers For $2M

23 Overlook Terrace, Yonkers, NY 10701, USA

See Similar Deals
MultiFamily27,724 SF
Financed 08/20/2019
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$72
Total Square Footage:27,724 SF
Transaction Type:Loan

The multifamily property located at 23 Overlook Terrace in Yonkers has recently undergone a closed transaction. The property, spanning 27,724 square feet, was involved in a deal with a loan amount of $2,000,000. The loan terms for this transaction were set at 20 years, with 5 years of interest-only payments.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Address: 23 Overlook Terrace
  • Market: Yonkers

This transaction was facilitated by Juniper Capital Group, with Jake Gluck representing the agency. The lender involved in the deal was Arbor Realty Trust. AMS Acquisitions acted as the landlord in this closed property transaction.

Players

Jake Gluck
41 deals$407.2M volume(973) 713-5331
BROKER

Arbor Realty Trust
LENDER

Details

FINANCED
IMAGE: Abraham Abadie, Jake Gluck & Michael Mitnick DATE: 08/20/2019 ADDRESS: 23 Overlook Terrace MARKET: Yonkers ASSET TYPE: Multifamily LENDER: @ArborRealtyTrust LANDLORD: AMS Acquisitions BROKER: Juniper Capital Group – Jake Gluck LOAN AMOUNT: $2,000,000 LOAN TERMS: 20 Years, 5 Years IO SF: 27,724

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,000,000.00

Monthly NOI$13,333.33
Monthly Debt Service$12,641.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00