Updated Feb 16, 2024
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
Goshen MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Gabby Cali to view all their deals.
Browse New York multifamily loans on Traded.
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