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570 Gramatan Avenue

Zef Dedaj Secures $4.5 Million Loan From Orange Bank For 570 Gramatan Avenue
FINANCEDRetail

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

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:

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.

Players

Zachary Fuchs

GFI Realty Services

Broker

$325.2M

vol

63 deals

Broker

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