579 Central Park Avenue

Property Name: 579 Central Park Avenue
Location: Yonkers, NY
Property Type: Apartment/Multi-Family
Transaction Type: First Mortgage
Loan Amount: $934,000
Details: Houlihan-Parnes Realtors, LLC is pleased to announce the refinancing of a $934,000 first mortgage on the 7,500 s/f one-story retail building located at 579-585 Central Park Avenue in Yonkers, New York. The five-year, non-recourse loan has a fixed rate of 3.75% with a 30-year amortization schedule. The loan, closed with a local bank, is prepayable throughout the term on a declining scale and the Borrower has an option to extend the loan for an additional five years. The Borrower was represented in the transaction by Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP.
More Info: James J. Houlihan at 914-694-6070 or contact me