Cross River Bank Provides $800,000 Acquisition Loan For Woodmere Office Property At 10 Brower Avenue
FINANCED
$800,000
New York
See Similar DealsOffice2,600 SF
Financed 09/29/2022
FINANCED
Cross River Bank Provides $800,000 Acquisition Loan For Woodmere Office Property At 10 Brower Avenue
10 Brower Avenue, Woodmere, New York 11598, United States
See Similar DealsOffice2,600 SF
Financed 09/29/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$307
Total Square Footage:2,600 SF
Transaction Type:Loan
Located in Woodmere, the office property at 10 Brower Avenue has recently undergone a closed transaction. The property spans a total of 2,600 square feet and was acquired through an acquisition loan.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $800,000
- Loan Type: Acquisition
- Loan Terms: 10Y Full Term IO
The loan for the property was provided by Cross River Bank. The broker involved in the deal was Steven Vegh from Westwood Realty Associates.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$800,000.00
Monthly NOI$5,333.33
Monthly Debt Service$5,056.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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