New York Community Bank Provides $15M Refinance Loan For Retail Property In Rocky Point & Stony Brook, NY With Brokers Bryan Geffen & Sam Katz - Meridian Capital Group
47 Route 25a, Rocky Point, New York 11778, United States
$15,000,000
$154/SF
Building Size
96,898 SF
Asset Type
Retail
Closing
Nov 23, 2021
AI
The retail property located at 47-91 Route 25A & 211-213 Hallock Road in Rocky Point & Stony Brook has recently undergone a loan refinance. The property spans a total of 96,898 square feet.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $15,000,000
- Loan Type: Refinance
- Loan Term: 5 years
- Loan Amount: $15,000,000
- Lender: New York Community Bank
- Brokers: Bryan Geffen & Sam Katz - Meridian Capital Group
The loan refinance, valued at $15,000,000, was facilitated by New York Community Bank. Representing the transaction were Bryan Geffen & Sam Katz from the Meridian Capital Group.
Players
Shoreham 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93