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Emerald Creek Capital Provides $2.45M Loan For Retail Property In Bay Shore

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FINANCED
$2,450,000

New York

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FINANCED

Emerald Creek Capital Provides $2.45M Loan For Retail Property In Bay Shore

1746 Sunrise Hwy, Bay Shore, NY, 11...

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Retail
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Summary

NEW YORK
Asset Type:Retail
Transaction Type:Loan

The property involved is a retail center located at 1746 Sunrise Hwy, Bay Shore, NY. The asset features 14,950 square feet of leasable area, divided into 7 retail units. The acquisition loan provided by Emerald Creek Capital amounted to $2,450,000.00. Situated on a 1.97-acre site, the center boasts 792 feet of frontage on Sunrise Highway, in the bustling market of Bay Shore.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $2,450,000.00
  • Market: Bay Shore
  • Lender's Representative: Senior Vice President (Emerald Creek Capital)
  • Lender: Emerald Creek Capital

Emerald Creek Capital, the lending entity, facilitated the acquisition loan for the multi-tenant retail center in Bay Shore. Matt Fantuzzi, Vice President at Emerald Creek Capital, can be contacted for more information regarding the loan. Additionally, the property's proximity to Great South Bay and easy accessibility from Manhattan via public transportation enhances its investment appeal.

Players

Matt Fantuzzi
14 deals$114.3M volume(646) 237-2570
BROKER

Emerald Creek Capital
LENDER

Details

FINANCED
IMAGE: 1746 Sunrise Hwy, Bay Shore, NY, 11... MARKET: Bay Shore ASSET TYPE: Retail LENDER'S REP: Senior Vice President(Emerald Creek Capital) LENDER: Emerald Creek Capital LOAN AMOUNT: $2,450,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,450,000.00

Monthly NOI$16,333.33
Monthly Debt Service$15,485.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00