Equitas Capital Group Secures $4.5M Loan For Resi Co-Op In Briarwood, Queens With Green River Capital's Rep
141-05 Pershing Crescent, Briarwood, NY, USA
$4,500,000
$9,000/SF
Building Size
500 SF
Asset Type
Co-Op
Closing
Jul 30, 2020
AI
The property involved in this transaction is located at 141-05 Pershing Crecent in Briarwood, Queens. It is a residential co-op consisting of 123 units. The transaction took place on July 30, 2021.
Summary of transation details
- Property Type: Resi Co-Op
- Transaction Amount: $4,500,000
- Address: 141-05 Pershing Crecent
- Market: Briarwood, Queens
- Number of Units: 123
Alex Leykind and Michael Fey represented quitasCapitalGroup, while Sam Davidov represented Green River Capital in this transaction. The loan amount for this deal was $4,500,000, with a fixed rate of 2.95% for 10 years. The loan has a 30-year amortization and a stepdown pre-payment penalty. Equitas Capital Group specializes in providing tailor-made solutions for commercial real estate financing, while Sam Davidov with Green River Capital Corp. specializes in residential real estate financing.
Players
Jamaica Co-Op Market Snapshot
Boundary boundary · Co-Op · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93