First Commercial Bank Refinances Condo On Queens Boulevard In Jamaica For $20M
140 Queens Boulevard, Queens, New York 11375, United States
$20,000,000
Building Size
—
Asset Type
—
Closing
May 19, 2022
About this deal
AI
140-35 Queens Boulevard in Jamaica, is a condominium that was recently involved in a transaction. The property is owned by United Construction & Development Group & Ping Yeung. It is located in a prime location in the Jamaica market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $20,000,000
- Lender: First Commercial Bank
In this deal, the property at 140-35 Queens Boulevard was refinanced for a loan amount of $20,000,000. The loan was provided by First Commercial Bank. The landlord, United Construction & Development Group & Ping Yeung, successfully secured this refinance loan.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93