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1050 Broad Hollow Road

TD Bank Provides $1,025,000 Refinance Loan To Landlord David Noor For Retail In Farmingdale
FINANCEDRetail

TD Bank Provides $1,025,000 Refinance Loan To Landlord David Noor For Retail In Farmingdale

1050 Broad Hollow Road

$1,025,000

$488/SF

Building Size

2,098 SF

Asset Type

Retail

Closing

Jun 26, 2024

AI

The asset involved in this transaction is a retail property located at 1050 Broad Hollow Road, Farmingdale. It has a total square footage of 2,098 and was refinanced for an amount of $1,025,000.

Summary of transaction details:

This transaction highlights the involvement of Raviv Gailor and Zachary Grossman, who represented the interests of the landlord, David Noor, throughout the refinancing process with TD Bank.

Players

Raviv Gailor

Meridian Capital Group

Broker

$2.9M

vol

2 deals

Broker
TD Bank
TD BankLender

Farmingdale 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

15.48%

Cash-on-Cash

-4.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93