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36-19 30th Street

Kennedy Dunn Of Refined CRE Arranges $1.4M Refinance Loan In Long Island City
FINANCEDMixed-use

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

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.

Players

Sage Usher

Lender

$11M

vol

6 deals

Lender
Ushjo
Ushjo Lender

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