David Roth's Palladium Management Refinances Westchester Retail Property For $2.6M
2081 Boston Post Road
Building Size
7,500 SF
Asset Type
Retail
Closing
Nov 8, 2022
AI
The property involved in this transaction is a retail asset located at 2081 Boston Post Road & 440 North Avenue in Westchester. The property spans 7,500 square feet and was part of a refinancing deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 2081 Boston Post Road & 440 North Avenue
- Market: Westchester
- Landlord: David Roth - Palladium Management
- Broker: Michael Lee - HKS Real Estate Advisors
- Loan Type: Refinance
The deal was facilitated by Michael Lee from HKS Real Estate Advisors, who represented the buyer in the refinancing transaction. David Roth of Palladium Management acted as the landlord in the deal.
Players
Larchmont 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93