BCB Bank Provides $1.92M Loan For Office Property Acquisition In Yonkers
FINANCED
$1,920,000
New York
See Similar DealsOffice16,296 SF
Financed 04/23/2021
FINANCED
BCB Bank Provides $1.92M Loan For Office Property Acquisition In Yonkers
1 Pondfield Road West, Yonkers, NY, USA
See Similar DealsOffice16,296 SF
Financed 04/23/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$117
Total Square Footage:16,296 SF
Transaction Type:Loan
The office located at 1 Pondfield Rd. in Yonkers has recently undergone a closed transaction. The loan for this property was provided by BCB Bank in the amount of $1,920,000. The landlord of the property is The Mitra Family. The deal was facilitated by broker Alec Feintuch from eviathanCapital.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,920,000
- Lender: BCB Bank
- Landlord: The Mitra Family
- Broker: Alec Feintuch (eviathanCapital)
This transaction highlights the collaboration between BCB Bank, The Mitra Family, and broker Alec Feintuch from eviathanCapital. The deal, involving the office property at 1 Pondfield Rd. in Yonkers, showcases the active real estate market in the area and the confidence of lenders in supporting such transactions.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,920,000.00
Monthly NOI$12,800.00
Monthly Debt Service$12,135.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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