BCB Bank Provides $1.92M Loan For Office Property Acquisition In Yonkers
1 Pondfield Road West, Yonkers, NY, USA
$1,920,000
$117/SF
Building Size
16,296 SF
Asset Type
Office
Closing
Apr 22, 2021
AI
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.
Players
City of Yonkers Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.26%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93