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2081 Boston Post Road

David Roth's Palladium Management Refinances Westchester Retail Property For $2.6M
FINANCEDRetail

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

Michael Lee

HKS Real Estate Advisors

Broker

$355M

vol

21 deals

Broker
David Roth

David Roth

Palladium Management

Landlord

$30.9M

vol

9 deals

Landlord

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