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260 West Main Street, Goshe...

Updated Feb 16, 2024

TD Bank Provides $4M Refinance Loan For Multifamily Property In Goshen
FINANCEDMultiFamily

TD Bank Provides $4M Refinance Loan For Multifamily Property In Goshen

260 West Main Street, Goshen, New York 10924, United States

$4,000,000

$129/SF

Building Size

30,865 SF

Asset Type

MultiFamily

Closing

Jan 27, 2022

About this deal

AI

The multifamily property located at 260 West Main Street in Goshen has recently undergone a refinancing transaction. The property spans a total square footage of 30,865 and consists of 16 units. The loan amount for this transaction was $4,000,000, with TD Bank serving as the lender. The landlord, Stuart Wainberg, was represented by Gabby Cali from Progress Capital as the broker for this deal.

Summary of Transation Details:

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Address: 260 West Main Street
  • Market: Goshen
  • Square Footage: 30,865
  • Number of Units: 16
  • Lender: TD Bank
  • Landlord: Stuart Wainberg
  • Broker: Gabby Cali - Progress Capital

The refinancing transaction for the multifamily property at 260 West Main Street in Goshen was successfully facilitated by Gabby Cali from Progress Capital, representing landlord Stuart Wainberg. TD Bank provided the loan amount of $4,000,000 for this deal.

Players

Gabby Cali

Cali Capital

Broker

$161.1M

vol

35 deals

Broker
Progress Capital
Progress CapitalBrokerage
TD Bank
TD BankLender
Stuart Wainberg

Stuart Wainberg

Wainco Realty

Landlord

$12.6M

vol

5 deals

Landlord

Goshen MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $129 per square foot on a published $4M for 30,865 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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