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Bridge Investment Group Provides $20M Loan For Retail Property At 2655 Richmond Avenue In Staten Island

Property Image
FINANCED
$20,000,000
Dustin Stolly
Christopher (Chris) Kramer
Jordan (Jordy) Roeschlaub

New York

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Retail76,000 SF
Financed 03/10/2020
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Property Image
FINANCED

Bridge Investment Group Provides $20M Loan For Retail Property At 2655 Richmond Avenue In Staten Island

2655 Richmond Ave, Staten Island, NY 10314, USA

See Similar Deals
Retail76,000 SF
Financed 03/10/2020
Dustin Stolly
Christopher (Chris) Kramer
Jordan (Jordy) Roeschlaub
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$263
Total Square Footage:76,000 SF
Transaction Type:Loan

The retail property located at 2655 Richmond Avenue in Staten Island has been involved in a recent closed transaction. The property spans a total of 76,000 square feet and is situated in the Staten Island market. The loan amount for this transaction amounted to $20,000,000.

Summary of transaction details

Dustin Stolly, Jordan Roeschlaub, and Chris Kramer from NewmarkKF represented the parties involved in this retail property transaction. The lender for this deal was Bridge Investment Group, while the landlord was Infinity Real Estate.

Players

Dustin Stolly
Walker & Dunlop
Dustin Stolly
267 deals$49.4B volume
BROKER
Christopher (Chris) Kramer
Newmark
Christopher Kramer
114 deals$23B volume(212) 850-5472
BROKER
Jordan (Jordy) Roeschlaub
Newmark
Jordan Roeschlaub
324 deals$97.5B volume
BROKER
Bridge Investment Group
Bridge Investment Group
LENDER
IE
Infinity Real Estate
LANDLORD

Details

FINANCED
IMAGE: Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Steven Kassin DATE: 03/10/2020 ADDRESS: 2655 Richmond Avenue MARKET: Staten Island ASSET TYPE: Retail LENDER: Bridge Investment Group LANDLORD: Infinity Real Estate BROKERS: Dustin Stolly, Jordan Roeschlaub & Chris Kramer @NewmarkKF LOAN AMOUNT: $20,000,000 SF: 76,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,000,000.00

Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00