Bank Hapoalim Provides $56M Loan For Mixed-Use Property In Flushing
136-18 Maple Avenue, Flushing, NY, USA
$56,000,000
$597/SF
Building Size
93,725 SF
Asset Type
Mixed-use
Closing
Jan 11, 2021
About this deal
AI
The mixed-use property located at 136-18 Maple Avenue in Flushing has recently closed a loan deal. The loan was provided by Bank Hapoalim for a total amount of $56,000,000. The property, with a building square footage (BSF) of 93,725, is owned by NuVerse Advisors, represented by Dov Schlein.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $56,000,000
- Address: 136-18 Maple Avenue
- Market: Flushing
Dov Schlein, the representative of NuVerse Advisors, played a key role in the loan deal. The property previously had a sale transaction in February 2020, where it was sold for $23,739,930 at a price per BSF (PPBSF) of $253.
Players
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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93