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Abraham Sieger Secures $23M Refinance Loan For Special Purpose Building In Eastchester
FINANCED
$23,000,000
New York
See Similar DealsSpecial Purpose117,954 SF
Financed 01/31/2024
FINANCED
Abraham Sieger Secures $23M Refinance Loan For Special Purpose Building In Eastchester
3200 Baychester Avenue
See Similar DealsSpecial Purpose117,954 SF
Financed 01/31/2024
Summary
NEW YORK
Asset Type:Special Purpose
Price Per Square Foot:$195
Total Square Footage:117,954 SF
Transaction Type:Loan
Abraham Sieger, through Jacob's Ladder Realty LLC, has secured a $23 million refinance loan from Cross River Bank for the specialty building located at 3200 Baychester Avenue in Eastchester, Bronx. The building has a total square footage of 117,954 and is classified as a Special Purpose asset.
Summary of transaction details
- Property Type: Special Purpose
- Transaction Amount: $23,000,000
- Address: 3200 Baychester Avenue
- Market: Eastchester, Bronx
- Lender: Shimon Eisikowicz - Cross River Bank
- Landlord: Abraham Sieger
In this financing deal, Abraham Sieger, represented by Jacob's Ladder Realty LLC, successfully obtained a $23 million refinancing loan from Cross River Bank for the specialty building at 3200 Baychester Avenue in Eastchester, Bronx.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,000,000.00
Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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