Broadfield Realty Capital Purchases $39.3 Million Loan For Medical Office And Retail In Queens
251 77 Jericho Turnpike
$33,900,000
$376/SF
Building Size
90,000 SF
Asset Type
Mixed-use
Closing
Jan 23, 2025
About this deal
AI
The property asset involved is a Medical Office & Retail located at 251-73/77 Jericho Turnpike in the Queens market. The asset encompasses a total square footage of 90,000 and is part of a noteworthy transaction involving a loan type categorized as a Note Purchase, with a total note amount of $39,300,000.
Summary of transaction details:
- Property Type: Medical Office & Retail
- Transaction Amount: $39,300,000
- Loan Type: Note Purchase
- Address: 251-73/77 Jericho Turnpike
- Market: Queens
- Square Footage: 90,000
- Buyer: Broadfield Realty Capital
The deal features key individuals, namely Aaron Lerman and Uanderson Benedetti, who are depicted in relation to this transaction. Their involvement indicates significant representation and engagement within this financial agreement.
On the Map
$33,900,000
$376/SF
Mixed-use
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Players
Floral Park 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93