Kennedy Dunn Of Refined CRE Arranges $1.4M Refinance Loan In Long Island City
36-19 30th Street
$1,400,000
Building Size
—
Asset Type
Mixed-use
Closing
May 3, 2024
About this deal
AI
The mixed-use property located at 36-19 30th Street in Long Island City was the subject of a recent closed transaction. The loan amount for the refinancing of this property was $1,400,000. The lender involved in this deal was Sage Usher from Ushjo. The landlord of the property is Maqsudul Sohel. The broker representing the transaction was Kennedy Dunn from Refined CRE.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,400,000
- Address: 36-19 30th Street
- Market: Long Island City
- Lender: Sage Usher - Ushjo
- Landlord: Maqsudul Sohel
- Broker: Kennedy Dunn - Refined CRE
The transaction involved Sage Usher from Ushjo as the lender, Maqsudul Sohel as the landlord, and Kennedy Dunn from Refined CRE as the broker. These key individuals played crucial roles in facilitating the successful refinancing of the mixed-use property in Long Island City.
On the Map
$1,400,000
Mixed-use
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Players
Astoria 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93