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
About this deal
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.
On the Map
$1,920,000
$117/SF
Office
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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