FINANCEDOffice
Mitchell Adelstein Of Capstone Secures $10.5M Refinance Loan From Deutsche Bank For Valhalla Office
465 Columbus Avenue
$10,500,000
$107/SF
Building Size
98,000 SF
Asset Type
Office
Closing
Jul 31, 2026
AI
The asset involved in this transaction is an office building located at 465 Columbus Avenue in Valhalla. The property spans 98,000 square feet and features a refinance loan amount of $10,500,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,500,000
- Lender: Deutsche Bank
- Borrower: Mitchell Adelstein - Capstone
- Title Insurance: Jim Reichert
- Loan Type: Refinance
This transaction involved Mitchell Adelstein representing Capstone as the borrower, with Deutsche Bank providing the lender services. Jim Reichert handled the title insurance aspect of the deal.
Players
Valhalla 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93