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134-37 Maple Avenue

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

STI Consultants Refinances Mixed-Use Property In Flushing, Queens For $20M

134-37 Maple Avenue

$20,000,000

$206/SF

Building Size

97,000 SF

Asset Type

Mixed-use

Closing

Sep 14, 2022

AI

The mixed-use property located at 134-37 and 134-38 Maple Ave in Flushing, Queens has undergone a loan transaction. The property spans approximately 97,000 square feet and includes a combination of residential and commercial spaces.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $20,000,000
  • Address: 134-37, 134-38 Maple Ave.
  • Market: Flushing, Queens
  • Landlord: Jesse Cao
  • BROKERS: Ravi Chopra & Yuvraj Chopra - STI Consultants

Ravi Chopra and Yuvraj Chopra from STI Consultants facilitated the loan transaction for this property. The loan amount for the refinancing was $20,000,000. STI Consultants specializes in commercial finance loans and has a successful track record of closing loans for various businesses, including hotels, gas stations, mixed-use, and office buildings across the United States.

For any financing needs or to get in touch with Ravi Chopra, you can reach him at 917-705-7708.

Players

Ravinder Chopra

Broker

$94.2M

vol

11 deals

Broker

Flushing Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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