Zef Dedaj Secures $4.5 Million Loan From Orange Bank For 570 Gramatan Avenue
FINANCED
$4,500,000
New York
See Similar DealsRetail38,813 SF
Financed
FINANCED
Zef Dedaj Secures $4.5 Million Loan From Orange Bank For 570 Gramatan Avenue
570 Gramatan Avenue
See Similar DealsRetail38,813 SF
Financed
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$115
Total Square Footage:38,813 SF
Transaction Type:Loan
The asset involved in the transaction is a retail property located at 570 Gramatan Avenue, Mount Vernon. This property encompasses a total square footage of 38,813. The loan amount secured for this acquisition is $4,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 570 Gramatan Avenue
- Market: Mount Vernon
- Lender: Orange Bank & Trust Company
- Landlord: Zef Dedaj
- Brokers: Zachary Fuchs & Will Watkins - GFI Realty Services
- Loan Type: Acquisition
The deal featured participation from key individuals including landlords and brokers involved in the transaction. Zef Dedaj is identified as the landlord, while Zachary Fuchs and Will Watkins represented the brokerage firm GFI Realty Services in this acquisition deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,500,000.00
Monthly NOI$30,000.00
Monthly Debt Service$28,443.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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