UNIFY Financial Credit Union Refinances Office Property In Westchester County For $24.08M
520 White Plains Rd, Tarrytown, Westchester County, NY, USA
$24,080,000
$140/SF
Building Size
172,000 SF
Asset Type
Office
Closing
Sep 10, 2021
AI
Located at 520 White Plains Rd. in Westchester County, this office property spans a total of 172,000 square feet. The property was recently involved in a loan transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,080,000
The loan, provided by UNIFY Financial Credit Union, was utilized for the purpose of refinancing. The landlord of the property is Abraham Brach. Adrian Edery from Paradigm Commercial Real Estate served as the broker in this transaction.
Players
Tarrytown 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93