Filler Capital Secures $1.84 Million Refinance Loan For Office Assets In Rockville Centre
45 North Village Avenue & 55 Front Street
$1,840,000
$137/SF
Building Size
5,255 SF
Asset Type
Office
Closing
May 28, 2025
About this deal
AI
The property assets involved in this transaction are two office assets located at 45 North Village Avenue and 55 Front Street in Rockville Centre, NY, totaling 5,255 square feet. They are situated in a market known for stable, income-producing properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,840,000
- Loan Type: Refinance
- Lender: HAB Bank
- Brokers: Steven Edelstein, Jordan Gellman & Isaac Filler - Filler Capital
- Units: 6
This refinancing deal was secured by Filler Capital LLC, emphasizing their ongoing commitment to stable investments in key Long Island submarkets. The successful completion reflects the firm's ability to navigate the financial landscape for their clients.
On the Map
$1,840,000
$137/SF
Office
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Players
Rockville Centre 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
8.62%
Cash-on-Cash
-2.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93