facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Development Site

/

Loan

/

133 09 37th Avenue

Updated May 12, 2025

FSA Capital Refinances Development Site At 133-09 37th Avenue With Ponce Bank For $7M
FINANCEDDevelopment Site

FSA Capital Refinances Development Site At 133-09 37th Avenue With Ponce Bank For $7M

133 09 37th Avenue

$7,000,000

Building Size

Asset Type

Development Site

Closing

Apr 30, 2025

About this deal

AI

The asset involved in this transaction is a development site located at 133-09 37th Avenue in Flushing, Queens. This site has undergone a refinancing process resulting in a new loan amount of $7,000,000, which replaces the previous debt of $6,600,000. The loan was provided by Ponce Bank.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $7,000,000
  • Lender: Ponce Bank
  • Landlord: Brian S. Pun - FSA Capital
  • Previous Debt: $6,600,000 from Global Bank
  • Loan Type: Refinance
  • Date: 04/30/2025
  • Address: 133-09 37th Avenue
  • Market: Flushing, Queens

The refinancing transaction was executed by Brian S. Pun representing FSA Capital, who secured a new loan from Ponce Bank to replace existing financing. This strategic move highlights the ongoing financial management of the development site in the Flushing area.

Players

Ponce Bank
Ponce BankLender

Flushing Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Deal FAQ

Browse Flushing development site loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets