PCCP Provides $36M Acquisition Loan For Retail Property In Hempstead
FINANCED
$36,000,000
New York
See Similar DealsRetail248,569 SF
Financed 06/27/2024
FINANCED
PCCP Provides $36M Acquisition Loan For Retail Property In Hempstead
132-178 Fulton Avenue
See Similar DealsRetail248,569 SF
Financed 06/27/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$144
Total Square Footage:248,569 SF
Transaction Type:Loan
The property at 132-178 Fulton Avenue in Hempstead, a retail asset spanning 248,569 square feet, was involved in a recent transaction for the acquisition. The loan amount for this deal was $36,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $36,000,000
- Address: 132-178 Fulton Avenue
- Market: Hempstead
The lending for this acquisition was provided by PCCP, represented by Brian Haber & PJ Finley. The landlord of the property is Agus Holdings. Daniel Fromm from Newmark acted as the broker in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$36,000,000.00
Monthly NOI$240,000.00
Monthly Debt Service$227,544.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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