Filler Capital Secures $5.25M Refinance Loan For 64,000 SF Medical Office In Hempstead
1 Fulton Avenue
$5,250,000
$82/SF
Building Size
64,000 SF
Asset Type
Office
Closing
Feb 21, 2025
AI
A 64,000 SF medical office/industrial building located at 1 Fulton Avenue in the Hempstead submarket of Long Island, NY has been successfully refinanced. The loan amount for this transaction is $5,250,000.
Summary of transaction details:
- Property Type: Medical Office/Industrial
- Transaction Amount: $5,250,000
- Lender: Andrew Walsh - HAB Bank
- Brokers: Isaac Filler, Michael Neumann, Steven Edelstein, Shaya Hirtz, Jordan Gellman & Yossi Koschitzki - Filler Capital
- Loan Type: Refinance
Filler Capital LLC, represented by the brokers listed, has arranged the refinancing of the asset, showcasing its involvement in facilitating this transaction with HAB Bank as the lending institution.
Players
Hempstead 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93