Fred Khalili Secures $7.4M Loan From Axos Bank For Mixed-Use Property In Jackson Heights
37 02 82nd Street
$7,400,000
$270/SF
Building Size
27,325 SF
Asset Type
Mixed-use
Closing
Mar 5, 2025
About this deal
AI
The property involved in this transaction is located at 37-02 82nd Street in Jackson Heights. It is a mixed-use asset with a total square footage of 27,325. The acquisition loan was secured for an amount of $7,400,000 with terms set for 5 years.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $7,400,000
- Lender: Axos Bank
- Landlord: Fred Khalili
- Loan Type: Acquisition
- Loan Terms: 5 years
- Brokers: Shamir Seidman, Judah Hammer & Jeff Feldman - CBRE
The acquisition financing was successfully closed in a timeframe of 30 days, showcasing the efficiency of the brokerage team involved in the transaction. The brokers represent the interest of the landlord in this deal.
On the Map
$7,400,000
$270/SF
Mixed-use
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Players
Jackson Heights 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93