Jerry Wang Secures $10 Million Refinance Loan From Provident Bank For Mixed-Use Property In Flushing
36-21 Prince Street
$10,000,000
$341/SF
Building Size
29,308 SF
Asset Type
Mixed-use
Closing
Aug 7, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use property located at 36-21 Prince Street in Flushing, Queens. The asset has a total square footage of 29,308 and consists of 10 units, providing a blend of residential and commercial spaces.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 36-21 Prince Street
- Market: Flushing, Queens
- Lender: Provident Bank
- Landlord: Jerry Wang
- Loan Type: Refinance
Jerry Wang, representing Abic International Corp., successfully secured a refinancing loan for the mixed-use property from Provident Bank. This highlights the financial maneuvers involved in managing the property asset amidst the real estate market dynamics in Flushing, Queens.
On the Map
$10,000,000
$341/SF
Mixed-use
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Players
Prince 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93