Michael J. Gefter Secures $925,000 Loan For MultiFamily Property At 26 Hamilton Ave Ossining
26 Hamilton Ave
$925,000
$185/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Mar 3, 2025
AI
The asset involved in this transaction is a MultiFamily property located at 26 Hamilton Ave in the Ossining market. The total loan amount secured for this property is $925,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $925,000.00
- Address: 26 Hamilton Ave
- Market: Ossining
- Loan Date: 03/03/2025
- Broker: Michael J. Gefter
Michael J. Gefter represents the interests of the involved parties in this loan transaction, facilitating the agreement and ensuring that the terms met the needs of all stakeholders.
Players
Ossining 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
17.15%
Cash-on-Cash
-4.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93