Leviathan Capital Arranges $2.14M Refinance Loan For Retail Property In Middle Village
FINANCED
$2,140,000
New York
See Similar DealsRetail29,600 SF
Financed 11/01/2022
FINANCED
Leviathan Capital Arranges $2.14M Refinance Loan For Retail Property In Middle Village
60 Metropolitan Avenue
See Similar DealsRetail29,600 SF
Financed 11/01/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$72
Total Square Footage:29,600 SF
Transaction Type:Loan
A retail property located at 72-52 & 72-60 Metropolitan Avenue in Middle Village has undergone a loan refinance transaction. The property spans approximately 29,600 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,140,000.00
- Address: 72-52 & 72-60 Metropolitan Avenue
- Market: Middle Village
The landlord associated with the property is David Steinberg. Ziv Cohen from Leviathan Capital served as the broker representing the involved parties.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,140,000.00
Monthly NOI$14,266.67
Monthly Debt Service$13,526.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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