Hirshmark Capital Provides $4M Refinance Loan For Multifamily Property In Long Island City
FINANCED
$4,000,000
Florida
See Similar DealsMultiFamily12,000 SF
Financed 03/31/2023
FINANCED
Hirshmark Capital Provides $4M Refinance Loan For Multifamily Property In Long Island City
518 & 520 51st Avenue
See Similar DealsMultiFamily12,000 SF
Financed 03/31/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$333
Total Square Footage:12,000 SF
Transaction Type:Loan
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 518 & 520 51st Avenue, Long Island City, Queens
- Market: Long Island City, Queens
- Square Footage: 12,000
- Units: 6
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,000,000.00
Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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