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Fuscheto Home Improvements LLC Acquires Industrial Property In Oyster Bay

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FINANCED
$600,000

West Virginia

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Industrial5,000 SF
Financed 03/30/2020
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FINANCED

Fuscheto Home Improvements LLC Acquires Industrial Property In Oyster Bay

30 Hamilton Ave, Wheeling, WV 26003, USA

See Similar Deals
Industrial5,000 SF
Financed 03/30/2020
Contact now

Summary

WEST VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$120
Total Square Footage:5,000 SF
Transaction Type:Loan

The industrial property located at 30 Hamilton Avenue in Oyster Bay has been recently closed on. The property spans 5,000 square feet and was purchased for a price of $1,200,000. The lender for this transaction was HAB Bank, providing a loan amount of $600,000. The landlord of the property is Fuscheto Home Improvements LLC, headed by Martin Fuscheto. The presence of Zahra Jafri from Lynx Mortgage Bank LLC - Commercial Division acted as the broker in this deal.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,200,000
  • Lender: HAB Bank
  • Landlord: Fuscheto Home Improvements LLC – Martin Fuscheto
  • Broker: Zahra Jafri – Lynx Mortgage Bank LLC – Commercial Division @LynxMortgageNY
  • Loan Amount: $600,000
  • Square Footage: 5,000

Zahra Jafri, representing Lynx Mortgage Bank LLC - Commercial Division, played a crucial role in facilitating this industrial property transaction in Oyster Bay. Their expertise and negotiation skills helped ensure a successful deal between the buyer, seller, and landlord.

Players

1 deal$600K volume
BROKER

Habib American Bank (HAB BANK)
LENDER

Details

FINANCED
IMAGE: Zahra Jafri DATE: 03/30/2020 ADDRESS: 30 Hamilton Avenue MARKET: Oyster Bay ASSET TYPE: Industrial LENDER: HAB Bank LANDLORD: Fuscheto Home Improvements LLC – Martin Fuscheto BROKER: Zahra Jafri – Lynx Mortgage Bank LLC – Commercial Division @LynxMortgageNY LOAN AMOUNT: $600,000 SF: 5,000 NOTE: Purchase price $1,200,000. Long Island Industrial market has seen a lot […]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$600,000.00

Monthly NOI$4,000.00
Monthly Debt Service$3,792.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00