Best & Co LLC Secures $3.05M Refinance From Symetra Life Insurance For Retail Property In Manhasset
1468 Northern Boulevard
$3,050,000
Building Size
—
Asset Type
Retail
Closing
Apr 16, 2026
AI
A retail property located at 1468 Northern Boulevard in Manhasset, N.Y. has undergone a refinancing transaction. The loan amount is $3,050,000, and it is provided by Symetra Life Insurance on a five-year fixed-rate term. The property is managed by Best & Co LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,050,000
- Lender: Symetra Life Insurance
- Landlord: Best & Co LLC
- Brokers: Bob Bernard & Collin Lester - NorthMarq
- Loan Type: Refinance
- Date: 04/16/2026
The refinancing was arranged by brokers Bob Bernard and Collin Lester at NorthMarq, facilitating the financial transaction for the borrower, Best & Co LLC. This deal highlights the role of the brokers in securing financing for retail assets in the Manhasset market.
Players
Manhasset 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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93