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Kevin Zambrana Secures $3.1M Construction Loan From Rosenthal & Rosenthal For Astoria Development Site

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FINANCED
$3,100,000

New York

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Development Site10,700 SF
Financed 12/29/2025
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Property Image
FINANCED

Kevin Zambrana Secures $3.1M Construction Loan From Rosenthal & Rosenthal For Astoria Development Site

31 45 14th Street & 31 47 14th Street

See Similar Deals
Development Site10,700 SF
Financed 12/29/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$289
Total Square Footage:10,700 SF
Transaction Type:Loan

The development site located at 31-45 14th Street & 31-47 14th Street in Astoria encompasses a total of 10,700 square feet and is intended for 9 units. The construction loan amount associated with this property is $3,100,000, facilitated by Rosenthal & Rosenthal.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,100,000
  • Market: Astoria
  • Asset Size: 10,700 SF
  • Units: 9
  • Lender: Rosenthal & Rosenthal
  • Landlord: Kevin Zambrana
  • Broker: Michael Volpe - Highcap Group

This transaction involved key individuals such as Kevin Zambrana, acting as the landlord, and Michael Volpe from Highcap Group representing the broker side of the deal, while retaining a unique role distinct from the lender and landlord in this construction loan arrangement.

Players

Michael Volpe
Highcap Group
Michael Volpe
19 deals$84M volume
BROKER

Details

FINANCED
IMAGE: Michael Volpe DATE: 12/29/2025 ADDRESS: 31-45 14th Street & 31-47 14th Street MARKET: Astoria ASSET TYPE: Development Site ~ SF: 10,700 ~ UNITS: 9 LENDER: Rosenthal & Rosenthal LANDLORD: Kevin Zambrana BROKER: Michael Volpe (@VolpeMV14) - Highcap Group (@Highcap_Group) LOAN AMOUNT: $3,100,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,100,000.00

Monthly NOI$20,666.67
Monthly Debt Service$19,594.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00