facebook
Traded Co logo
Submit

East West Bank & Urban Standard Capital Provide $15.76M Loan For Roosevelt Avenue And Ash Avenue Properties In Queens

Property Image
FINANCED
$15,760,000
John Leslie
HZ

New York

See Similar Deals
Development Site31,000 SF
Financed 12/12/2018
the dealplayerscompscontact
Property Image
FINANCED

East West Bank & Urban Standard Capital Provide $15.76M Loan For Roosevelt Avenue And Ash Avenue Properties In Queens

8401 Roosevelt Avenue, Queens, NY, USA

See Similar Deals
Development Site31,000 SF
Financed 12/12/2018
John Leslie
HZ
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$508
Total Square Footage:31,000 SF
Transaction Type:Loan

The property involved in the transaction is located at 8401-8429 Roosevelt Avenue & 140-175 Ash Avenue in Queens. The market in which this property is situated is Queens. The loan amount for this transaction was $15,760,000, and the total square footage of the property is 31,000.

Summary of transaction details

The key individuals and companies involved in this transaction include Benjamin Barasch, John Leslie, Robert Rynarzewski, Seth Weissman, and Henry Zheng. The lending institutions involved are East West Bank and Urban Standard Capital. The brokers representing the parties in this deal are John Leslie and Patrick Rhea from Eastern Consolidated.

Players

John Leslie
John Leslie
3 deals$67M volume
BROKER
Urban Standard Capital
Urban Standard Capital
LENDER
East West Bank
East West Bank
LENDER
HZ
Henry Zheng
6 deals$62.5M volume
LANDLORD

Details

FINANCED
IMAGE: Benjamin Barasch, John Leslie and Robert Rynarzewski DATE: 12/12/2018 ADDRESS: 8401-8429 Roosevelt Avenue & 140-175 Ash Avenue MARKET: Queens LENDER: East West Bank & Urban Standard Capital - Seth Weissman LANDLORD: Good Hope Development - Henry Zheng BROKER: John Leslie & Patrick Rhea - Eastern Consolidated LOAN AMOUNT: $15,760,000 SF: 31,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,760,000.00

Monthly NOI$105,066.67
Monthly Debt Service$99,613.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00