Equitas Capital Group Arranges $2.73M Acquisition Loan For Retail Property On Hylan Boulevard, New York City
1650 Hylan Blvd Staten Island, NY 10305, USA
$2,730,000
$487/SF
Building Size
5,596 SF
Asset Type
Retail
Closing
Jun 8, 2023
About this deal
AI
The retail property located at 1650 Hylan Boulevard in New York City has been recently involved in a loan transaction. The property spans approximately 5,596 square feet and was the subject of an acquisition loan.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,730,000
- Loan Type: Acquisition
- Loan Terms: LTV: 70%, Term: 10 years, Amm: 25 years
The loan for this property was facilitated by Alex Leykind from Equitas Capital Group. Equitas Capital Group aims to be a trusted partner in the ever-changing real estate landscape, providing tailored financial solutions to help real estate investors achieve success. For more information, you can contact Equitas Capital Group at [email protected] or call 646-637-7510.
New York 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
5.81%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93