Updated Feb 16, 2024
Northwind Group's Loan Secures $13.5M For Flushing Development Site - Ran Eliasaf's Northwind Group Provides Financing
141-57 Northern Blvd, Flushing, NY, USA
$13,500,000
$123/SF
Building Size
109,333 SF
Asset Type
Development Site
Closing
Jan 27, 2021
About this deal
AI
A development site located at 141-57 Northern Blvd in Flushing, Queens has been involved in a closed transaction. The property has an estimated buildable square footage (BSF) of 109,333. The deal was facilitated by Millennium Estates, acting as the broker.
Summary of Transaction Details:
- Property Type: Development Site
- Transaction Amount: $13,500,000
- Market: Flushing, Queens
- Lender: Northwind Group - Ran Eliasaf
- Landlord: Oak Capitals - Elias Abubeker & East West Construction - Kenny Liu
The lender for this transaction is the Northwind Group with Ran Eliasaf representing them. The landlords involved are Oak Capitals, represented by Elias Abubeker, and East West Construction, represented by Kenny Liu.
For more information or additional opportunities related to this transaction, you can contact Northwind Group at [email protected].
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Browse New York development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93