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
$800,000
$307/SF
Building Size
2,600 SF
Asset Type
Office
Closing
Sep 28, 2022
About this deal
AI
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.
The office loan at 10 Brower Avenue, Woodmere, New York 11598, United States in Woodmere, New York financed for $800K in 2022. The building is 2,600 square feet, implying about 307 per square foot on the published price. Steven Vegh, Westwood Realty Associates appear on the loan alongside Westwood Realty Associates. This page is the Woodmere, New York file for the 10 Brower Avenue, Woodmere, New York 11598, United States office financed: pricing, party profiles, and other closed office comps from the same Woodmere sit in the Market section below. Filter that Woodmere office set by closing date to see what else financed near 10 Brower Avenue, Woodmere, New York 11598, United States around 2022. Published consideration for 10 Brower Avenue, Woodmere, New York 11598, United States is $800K, dated 2022. Cite this Cross River Bank Provides $800,000 Acquisition Loan For Woodmere Office Property At 10 Brower Avenue loan when underwriting similar office product around Woodmere, New York.
Players
Woodmere 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
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93