Michael J. Gefter Secures $558,250 Loan For Co-Op At 42 26 81st St In Elmhurst
42 26 81st St
$558,250
$51/SF
Building Size
10,800 SF
Asset Type
Co-Op
Closing
May 30, 2023
About this deal
AI
The property asset involved in this transaction is a Co-Op located at 42 26 81st St in the Elmhurst market. The loan amount secured for this asset is $558,250.00.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $558,250.00
- Address: 42 26 81st St
- Market: Elmhurst
- Loan Amount: $558,250.00
- Brokers: Michael J. Gefter
This transaction features the broker Michael J. Gefter, who represented the deal. The landlord details are not specified in this context.
The co op loan at 42 26 81st St in Elmhurst, New York financed for $558.3K in 2023. The building is 10,800 square feet, implying about 51 per square foot on the published price. Michael Gefter, Andy Chen, Wolf Investment Partners appear on the loan alongside Wolf Investment Partners. This page is the Elmhurst, New York file for the 42 26 81st St co op financed: pricing, party profiles, and other closed co op comps from the same Elmhurst sit in the Market section below. Filter that Elmhurst co op set by closing date to see what else financed near 42 26 81st St around 2023. Published consideration for 42 26 81st St is $558.3K, dated 2023. Cite this Michael J. Gefter Secures $558,250 Loan For Co-Op At 42 26 81st St In Elmhurst loan when underwriting similar co op product around Elmhurst, New York.
On the Map
$558,250
$51/SF
Co-Op
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Players
Elmhurst Co-Op Market Snapshot
Boundary boundary · Co-Op · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
28.42%
Cash-on-Cash
-8.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93