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45 North Village Avenue

Filler Capital Secures $1.84 Million Refinance Loan For Office Assets In Rockville Centre
FINANCEDOffice

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

13,344 SF

Asset Type

Office

Closing

May 28, 2025

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.

Players

Isaac Filler

Filler Capital

Broker

$1.7B

vol

77 deals

Broker
Habib American Bank (HAB BANK)
Habib American Bank (HAB BANK)Lender

Rockville Centre Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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