Loan Secured For Retail Property In Albany, N.Y
22 Clifton Country Rd, Clifton Park, NY 12065
$38,500,000
$61/SF
Building Size
630,000 SF
Asset Type
Retail
Closing
Apr 27, 2023
AI
An undisclosed retail property located in Albany, N.Y has recently undergone a loan transaction. The specific details about the property, such as its size, price, and market value, are not provided in the given information. The loan transaction, which took place on April 27, 2023, involves a lender providing funds to the property owner.
Summary of Transaction Details:
- Property Type: Retail
Unfortunately, no additional information regarding the lender, loan amount, loan type, loan terms, or any brokers involved in the transaction is provided. It is unclear whether there are any notable parties involved in the deal.
Note: There are no specific details or additional information available regarding this retail property loan transaction in Albany, N.Y.
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93