Madison Realty Capital Provides $106M Loan For Mixed-Use Property In Queens
3-50 St Nicholas Ave, Queens, Flushing, NY, USA
$106,000,000
$373/SF
Building Size
284,000 SF
Asset Type
Mixed-use
Closing
Jan 31, 2021
About this deal
AI
A mixed-use property located at 3-50 St. Nicholas Avenue in Queens has been involved in a closed transaction. The property spans a total square footage of 284,000 and is situated in the Queens market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $106,000,000
- Loan: Provided by Madison Realty Capital
- Landlord: Arch Companies & AB Capstone
The deal was financed with a loan of $106,000,000 from Madison Realty Capital. The landlords involved in this transaction are Arch Companies and AB Capstone.
Players
Ridgewood 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93