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
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