$4.3M Loan Secured For 250 Pettit Avenue Medical Office In Long Island By Meridian Capital Group
FINANCED
$4,300,000
New York
See Similar DealsOffice18,200 SF
Financed 03/26/2026
FINANCED
$4.3M Loan Secured For 250 Pettit Avenue Medical Office In Long Island By Meridian Capital Group
250 Pettit Avenue
See Similar DealsOffice18,200 SF
Financed 03/26/2026
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$236
Total Square Footage:18,200 SF
Transaction Type:Loan
The property asset involved in the transaction is a medical office located at 250 Pettit Avenue in the Long Island market. The total square footage of the asset is 18,200. The loan amount secured for this acquisition is $4,300,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $4,300,000
- Address: 250 Pettit Avenue
- Market: Long Island
- Asset Size: 18,200 SF
- Loan Type: Acquisition
- Brokers: Allan Lieberman & Jason Bogopulsky - Meridian Capital Group
The key individuals involved in the deal are Allan Lieberman and Jason Bogopulsky, who represent the transaction through Meridian Capital Group. Their professional expertise facilitated the acquisition process of the medical office asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,300,000.00
Monthly NOI$28,666.67
Monthly Debt Service$27,178.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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