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
About this deal
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.
The office loan at 520 White Plains Rd, Tarrytown, Westchester County, NY, USA in Tarrytown, New York financed for $24.1M in 2021. The building is 172,000 square feet, implying about 140 per square foot on the published price. Adrian Edery, Abraham Brach, Paradigm Commercial Real Estate appear on the loan alongside Paradigm Commercial Real Estate. This page is the Tarrytown, New York file for the 520 White Plains Rd, Tarrytown, Westchester County, NY, USA office financed: pricing, party profiles, and other closed office comps from the same Tarrytown sit in the Market section below. Filter that Tarrytown office set by closing date to see what else financed near 520 White Plains Rd, Tarrytown, Westchester County, NY, USA around 2021. Published consideration for 520 White Plains Rd, Tarrytown, Westchester County, NY, USA is $24.1M, dated 2021. Cite this UNIFY Financial Credit Union Refinances Office Property In Westchester County For $24.08M loan when underwriting similar office product around Tarrytown, New York.
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