Aditya Gauba Realty Acquires Retail Property In Syosset For $2.3M With Loan From Gold Coast Bank

A retail property located at 510 Jericho Turnpike in Syosset has been involved in a recent closed transaction. The property spans across 7,650 square feet and is owned by Aditya Gauba Realty, represented by Anurag Gauba. The deal was facilitated by broker Michael Chelala from Equicap, who acted as the representative for the buyer. The transaction took place on 11/07/2018.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,335,000
• Loan Amount: $2,335,000
• Loan Terms: 75% LTV
• Lender: Gold Coast Bank
• Landlord: Aditya Gauba Realty - Anurag Gauba
• Broker: Michael Chelala @equicap_

During the negotiation process, Michael Chelala was able to secure a substantial cash out for the borrower, as per @lord_lala's note.