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90 Bethpage Road, Copiague,...

Allon Avgi Acquires SFR Portfolio In Suffolk County Using Sharestates Loan
FINANCEDSingle Family Residence

Allon Avgi Acquires SFR Portfolio In Suffolk County Using Sharestates Loan

90 Bethpage Road, Copiague, New York 11726, United States

$972,000

Building Size

Asset Type

Single Family Residence

Closing

Nov 18, 2021

AI

The property assets involved in this closed transaction are located at 90 Bethpage Road, 245 Caboto Avenue, and 183 Commack Road in Suffolk County. These assets are single-family residences (SFR) in the market of Suffolk County.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $972,000
  • Loan Type: Acquisition
  • Loan Terms: 30-Year fixed, 5-year stepdown, Non-recourse options available!

The lender in this transaction is sharestates''>Sharestates, represented by Mike Ramin. The landlord is Allon Avgi, and the broker involved in the deal is Philip Romano.

Note: Sharestates is a Direct National Private Lender providing various financing options such as fix and flip, multi-family bridge and value add, ground-up construction, and long-term rental loans. They offer non-recourse options and leverage up to 80% with special low rates.

Players

Philip Romano

Broker

$972K

vol

1 deal

Broker
Sharestates
SharestatesLender

Copiague Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.32%

Cash-on-Cash

-4.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93