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Maha Omar Refinances Retail Building With $8.8M Loan In Soundview, Bronx
FINANCED
$8,800,000
New York
See Similar DealsRetail20,420 SF
Financed 03/14/2024
FINANCED
Maha Omar Refinances Retail Building With $8.8M Loan In Soundview, Bronx
1600 Westchester Avenue
See Similar DealsRetail20,420 SF
Financed 03/14/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$431
Total Square Footage:20,420 SF
Transaction Type:Loan
The retail building at 1600 Westchester Avenue in Soundview, Bronx, with a square footage of 20,420 and a building square footage of 49,329, was involved in a transaction where Maha Omar, represented by Omar Holding Corp., secured a $8.8 million refinance loan from Suffolk Federal Credit Union.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,800,000
- Address: 1600 Westchester Avenue
- Market: Soundview, Bronx
- Lender: Thomas C. Perri - Suffolk Federal Credit Union
- Landlord: Maha Omar
- Loan Type: Refinance
Maha Omar, represented by Omar Holding Corp., finalized the deal, securing the $8.8 million refinance loan for the retail building from Suffolk Federal Credit Union.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,800,000.00
Monthly NOI$58,666.67
Monthly Debt Service$55,621.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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