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280 Fullerton Ave, Yonkers,...

Updated Oct 29, 2024

Laquila Group Inc. Refinanced Self-Storage Properties In Yonkers And Queens With Signature Bank And Kathy Anderson At Progress Capital
FINANCEDOther

Laquila Group Inc. Refinanced Self-Storage Properties In Yonkers And Queens With Signature Bank And Kathy Anderson At Progress Capital

280 Fullerton Ave, Yonkers, NY 10704, USA

$36,000,000

Building Size

—

Asset Type

Other

Closing

May 3, 2018

About this deal

AI

The recently closed property transaction involves two self-storage assets located at 280 Fullerton Avenue, Yonkers and 30-46 Northern Boulevard, Queens, in New York. These properties were refinanced through a mortgage refinance loan.

Summary of transaction details:

  • Property Type: Self-Storage
  • Loan Type: Mortgage Refinance
  • Address: 280 Fullerton Avenue, Yonkers and 30-46 Northern Boulevard, Queens
  • City: New York
  • Landlord: Laquila Group Inc. – Dino Tomassetti
  • Lender: Signature Bank – Johnathan DeMarco
  • Mortgage Broker: Kathy Anderson, Managing Partner @ Progress Capital

The landlord for these properties is Laquila Group Inc., represented by Dino Tomassetti. The lender for the refinancing is Signature Bank, with Johnathan DeMarco as the representative. Kathy Anderson, the Managing Partner at Progress Capital, served as the mortgage broker for this transaction.

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$36,000,000

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Players

Signature Bank
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City of Yonkers Other Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.44%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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