Investors Savings Bank Provides $3.25M Loan For Retail Property On Long Island
Island Vision, Sunrise Highway, Valley Stream, NY, USA
$3,250,000
Building Size
—
Asset Type
Retail
Closing
Apr 29, 2021
About this deal
AI
Located at 1969-1975 Sunrise Highway in Long Island, this retail property was involved in a closed transaction on April 30, 2021. The property, represented by Jake Gluck of Fortune CGR, was financed by Investors Savings Bank with a loan amount of $3,250,000. The loan terms are set at a fixed rate of 3.75% for a period of 10 years.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,250,000
- Lender: Investors Savings Bank
- Landlord: Tariq Khan
- Broker: Jake Gluck - Fortune CGR
Tariq Khan serves as the landlord for this property. Jake Gluck of Fortune CGR represented the property in the deal as the broker.
Valley Stream Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Browse New York retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93