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38-26 27th Street

Updated Sep 1, 2026

Antonia Batalias Refinances Boro Hotel In Long Island City With $21.5 Million Loan From Alma Bank
FINANCEDHotel

Antonia Batalias Refinances Boro Hotel In Long Island City With $21.5 Million Loan From Alma Bank

38-26 27th Street

$21,500,000

$325/SF

Building Size

66,018 SF

Asset Type

Hotel

Closing

Jun 29, 2026

About this deal

AI

The property involved in this transaction is the Boro Hotel, located at 38-26 27th Street in Long Island City, Queens. This hotel asset spans 66,018 square feet and has been refinanced with a loan amount of $21,500,000.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $21,500,000
  • Lender: Alma Bank
  • Landlord: Antonia Batalias
  • Loan Type: Refinance
  • Market: Long Island City, Queens
Antonia Batalias, representing Chilled Properties LLC, was involved in the refinancing process for the Boro Hotel, facilitating the transaction with Alma Bank for the mentioned loan amount.

Players

Alma Bank
Alma BankLender

Long Island City Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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Deal FAQ

About $325 per square foot on a published $21.5M for 66,018 square feet (2026).

Browse Long Island City hotel loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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