Aegean Commercial Capital Provides $3.15M Refinance Loan For Retail Property On Hylan Boulevard, New York City
2145 Hylan Blvd Staten Island, NY 10306, USA
$3,150,000
$315/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
May 18, 2023
About this deal
AI
A commercial property located at 2145 Hylan Boulevard in New York City has recently undergone a loan transaction. The property, a retail space with a size of 10,000 square feet, was involved in a loan refinance deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,150,000
- Lender: Aegean Commercial Capital - John Lagoudis
- Landlord: Salvatore Calabrese
- Loan Type: Refinance
- Loan Terms: 5.5% Rate 10 Year, 30 Year Amortization
In this refinance transaction, Aegean Commercial Capital, represented by John Lagoudis, provided a loan amount of $3,150,000 to the landlord, Salvatore Calabrese. The loan terms include a 5.5% interest rate, a 10-year duration, and a 30-year amortization period.
Players
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93