Updated Oct 28, 2024
Dime Community Bank Provides $22.3M Loan For Development Site Acquisition In Flushing
7739 Vleigh Place, Flushing, NY 11367, USA
$22,281,000
$555/SF
Building Size
40,079 SF
Asset Type
Development Site
Closing
Aug 11, 2021
About this deal
AI
A development site located at 77-39 Vleigh Place in Flushing has been involved in a recent closed property transaction. The property, with a buildable square footage (BSF) of 40,079, was part of the deal. The transaction took place on August 11, 2021.
Summary of transaction details
- Property Type: Development Site 🏗
- Address: 77-39 Vleigh Place
- Market: Flushing
- BSF: 40,079
The lender in this transaction was Dime Community Bank 🏦. RB Realty Capital, represented by the Salzberg Family, acted as the landlord.
A loan amount of $22,281,000 was agreed upon for this property transaction.
Players
Flushing Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93