Zef Dedaj Secures $4.5 Million Loan From Orange Bank For 570 Gramatan Avenue
570 Gramatan Avenue
$4,500,000
$115/SF
Building Size
38,813 SF
Asset Type
Retail
Closing
Jan 3, 2025
About this deal
AI
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.
On the Map
$4,500,000
$115/SF
Retail
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Players
Mount Vernon 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93