Dino Tomassetti Of Asset Realty & Construction Group Secures $19.68M Construction Loan For Self Storage In Elmsford
FINANCED
$19,680,000
New York
See Similar DealsSelf Storage138,821 SF
Financed 10/04/2024
FINANCED
Dino Tomassetti Of Asset Realty & Construction Group Secures $19.68M Construction Loan For Self Storage In Elmsford
42 Hayes Street
See Similar DealsSelf Storage138,821 SF
Financed 10/04/2024
Summary
NEW YORK
Asset Type:Self Storage
Price Per Square Foot:$141
Total Square Footage:138,821 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,680,000.00
Monthly NOI$131,200.00
Monthly Debt Service$124,390.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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