Vadym Katriuk Secures $2,200,000 Refinance Loan For Mixed-Use Property In Astoria From Ponce Bank
12-36 31st Drive
$2,200,000
$523/SF
Building Size
4,200 SF
Asset Type
Mixed-use
Closing
Sep 4, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 12-36 31st Drive in the Astoria market, encompassing a total square footage of 4,200. The transaction is a refinance with a loan amount of $2,200,000.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Lender: Ponce Bank
- Lender's Representatives: Yanni Kouzilos & Douglas Romero
- Borrower: Vadym Katriuk
- Landlord's Representative: Michael Volpe - Highcap Group
- Loan Type: Refinance
The key individuals involved in this deal include Vadym Katriuk, who is the borrower and specializes in hotel renovations and residential developments in Astoria, LIC, and Greenpoint. Michael Volpe from Highcap Group represents the landlord in this transaction. Interested parties can reach Vadym Katriuk regarding new development site submissions and inquiries at [email protected].
On the Map
$2,200,000
$523/SF
Mixed-use
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Players
Astoria Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93