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84 South Central Avenue

Meridian Capital Group Arranges $12.5M Refinance Loan For Retail Properties In Hartsdale, Scarsdale, And Yonkers
FINANCEDRetail

Meridian Capital Group Arranges $12.5M Refinance Loan For Retail Properties In Hartsdale, Scarsdale, And Yonkers

84 South Central Avenue

$12,500,000

Building Size

Asset Type

Retail

Closing

Jun 21, 2022

AI

Charles Grussgott and Michael Helmreich of Meridian Capital Group represented the parties involved in a refinancing deal for a retail property located at 84-92 S. Central Ave., 110-112 S. Central Park Ave., 831 Bronx River Road, and 731 Central Park Avenue. The loan amount for this transaction was $12,500,000.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $12,500,000
  • Address: 84-92 S. Central Ave., 110-112 S. Central Park Ave., 831 Bronx River Road, and 731 Central Park Avenue
  • Market: Hartsdale, Scarsdale, Yonkers

Charles Grussgott and Michael Helmreich, representing the Meridian Capital Group, were the brokers in this deal. The refinancing transaction involved a retail property in Hartsdale, Scarsdale, and Yonkers.

Players

Charles Grussgott

Meridian Capital Group

Broker

$451.5M

vol

12 deals

Broker

Hartsdale 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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93