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134-37 Maple Avenue, Queens...

STI Consultants Arranges $20M Refinance Loan For Mixed-Use Property In Flushing, Queens
FINANCEDMixed-use

STI Consultants Arranges $20M Refinance Loan For Mixed-Use Property In Flushing, Queens

134-37 Maple Avenue, Queens, New York 11355, United States

$20,000,000

$206/SF

Building Size

97,000 SF

Asset Type

Mixed-use

Closing

Sep 13, 2022

AI

The property involved in this closed transaction is a mixed-use property located at 134-37 and 134-38 Maple Ave. in Flushing, Queens. The property has a total square footage of 97,000 and is situated in a desirable market.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $20,000,000
  • Loan Type: Refinance
  • Landlord: Jesse Cao
  • Brokers: Ravi Chopra & Yuvraj Chopra - STI Consultants

Ravi Chopra and Yuvraj Chopra from STI Consultants represented the buyer and seller in this transaction. STI Consultants specializes in commercial finance loans and has a successful track record of closing loans ranging from $500,000 to $500 million across the United States. They have experience working with various businesses, including hotels, gas stations, and mixed-use and office buildings. Ravi Chopra can be contacted at 917-705-7708 for any financing needs.

Players

Ravinder Chopra

Broker

$94.2M

vol

11 deals

Broker

New York 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93