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
Flushing 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