Dino Tomassetti Of Asset Realty & Construction Group Secures $19.68M Construction Loan For Self Storage In Elmsford
42 Hayes Street
$19,680,000
$141/SF
Building Size
138,821 SF
Asset Type
Self Storage
Closing
Oct 4, 2024
AI
The property asset involved in this transaction is self-storage located at 42-44 Hayes Street in Elmsford. The facility has a total square footage of 138,821 and is a construction loan valued at $19,680,000.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $19,680,000
- Address: 42-44 Hayes Street
- Market: Elmsford
- Landlord: Dino Tomassetti – Asset Realty & Construction Group
- Brokers: Kathy Anderson & Caillin Boles
- Loan Type: Construction
This transaction involves key individuals including Dino Tomassetti representing the landlord and the brokerage team of Kathy Anderson and Caillin Boles, who facilitated the loan arrangement for the property asset involved in this deal.
Players
Elmsford Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93