FINANCEDRetail
Leviathan Capital Arranges $2.14M Refinance Loan For Retail Property In Middle Village
60 Metropolitan Avenue
$2,140,000
$72/SF
Building Size
29,600 SF
Asset Type
Retail
Closing
Nov 1, 2022
AI
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.
Players
New York 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
7.41%
Cash-on-Cash
-2.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93