FINANCEDRetail
Hirshmark Capital Provides $4M Loan On Retail Property In Northport
1015 Fort Salonga Road, Northport, NY 11768, USA
$4,000,000
$114/SF
Building Size
35,000 SF
Asset Type
Retail
Closing
Oct 20, 2021
AI
The property involved in the transaction is a retail asset located at 1015 Fort Salonga Road in Northport. It spans a total area of 35,000 square feet. The loan transaction took place on October 20, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 1015 Fort Salonga Road
- Market: Northport
- Lender: Hirshmark Capital
- Landlord: BSG Management Company
- Broker: Mark Levin - Hirshmark Capital
The loan amount for this transaction was $4,000,000. The loan type was loan on loan financing.
Players
Hirshmark CapitalLender
Northport Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93