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JLL Brokers $90M Loan For Mixed-Use Property In Jackson Heights

Property Image
FINANCED
$90,000,000
Steven (Steve) Klein
Geoff Goldstein
Jeffrey (Jeff) Julien

California

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Mixed-use279,630 SF
Financed 05/11/2020
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Property Image
FINANCED

JLL Brokers $90M Loan For Mixed-Use Property In Jackson Heights

71 17 Roosevelt Ave, Jackson Heights, Ny 11372, Usa

See Similar Deals
Mixed-use279,630 SF
Financed 05/11/2020
Steven (Steve) Klein
Geoff Goldstein
Jeffrey (Jeff) Julien
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$321
Total Square Footage:279,630 SF
Transaction Type:Loan

Roosevelt Parc, located at 71-17 Roosevelt Avenue in Jackson Heights, Queens, has recently undergone a closed transaction. The mixed-use property, spanning 279,630 square feet, consists of 154 units. The transaction involved a loan amount of $90,000,000 from Principal Life.

Summary of Transaction Details:

  • Property Type: Mixed-use
  • Transaction Amount: $90,000,000
  • Address: 71-17 Roosevelt Avenue, Jackson Heights, Queens
  • Square Footage: 279,630
  • Units: 154

JLL, represented by Geoff Goldstein, Steve Klein, and Jeff Julien, served as the brokers in this transaction.

Players

Jeffrey (Jeff) Julien
JLL
Jeffrey Julien
58 deals$9B volume
BROKER
Geoff Goldstein
JLL
Geoff Goldstein
55 deals$7.9B volume
BROKER
Steven (Steve) Klein
JLL
Steven Klein
51 deals$3.9B volume(212) 632-1838
BROKER
PL
Principal Life
LENDER

Details

FINANCED
IMAGE: Geoff Goldstein, Steve Klein & Jeff Julien DATE: 05/11/2020 ADDRESS: 71-17 Roosevelt Avenue (Roosvelt Parc) MARKET: Jackson Heights, Queens ASSET TYPE: Mixed-use LENDER: Principal Life BROKERS: Geoff Goldstein, Steve Klein, Jeff Julien – JLL LOAN AMOUNT: $90,000,000 SF: 279,630 UNITS: 154

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$90,000,000.00

Monthly NOI$600,000.00
Monthly Debt Service$568,861.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00