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1 Pondfield Road West, Yonk...

BCB Bank Provides $1.92M Loan For Office Property Acquisition In Yonkers
FINANCEDOffice

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

Alec Feintuch

Leviathan Capital

Broker

$22.8M

vol

8 deals

Broker
Leviathan Capital
Leviathan CapitalBrokerage

City of Yonkers Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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