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
Players
Alma BankLender
Long Island City Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
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