John Lagoudis Of Aegean Commercial Capital Secures $3.7M Loan For Office In Great Neck
FINANCED
$3,700,000
New York
See Similar DealsOffice10,000 SF
Financed 08/24/2025
FINANCED
John Lagoudis Of Aegean Commercial Capital Secures $3.7M Loan For Office In Great Neck
Office10,000 SF
Financed 08/24/2025
Summary
Asset Type:Office
Price Per Square Foot:$370
Total Square Footage:10,000 SF
Transaction Type:Loan
This transaction involves a medical office building with a total square footage of 10,000 located in Great Neck. The acquisition loan amount is $3,700,000 with terms set at 10 years, an interest rate of 6.40%, and structured as 5+5 with 30-year amortization. The anchor tenant for this property is New York Health.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,700,000
- Lender: Kearny Bank
- Broker: John Lagoudis - Aegean Commercial Capital
- Loan Type: Acquisition
- Loan Terms: 10 Years, 6.40%, 5+5/30 Years
John Lagoudis represents Aegean Commercial Capital as the commercial loan broker facilitating this transaction. The property is identified as a NNN medical office building, highlighting its purpose and tenant profile.
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LENDER
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,700,000.00
Monthly NOI$24,666.67
Monthly Debt Service$23,386.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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