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46-02 70th Street, Queens, ...

Updated Feb 16, 2024

New York Community Bank Provides $29.5M Refinance Loan For Mixed-Use Property In Maspeth
FINANCEDMixed-use

New York Community Bank Provides $29.5M Refinance Loan For Mixed-Use Property In Maspeth

46-02 70th Street, Queens, New York 11377, United States

$29,516,000

$328/SF

Building Size

89,935 SF

Asset Type

Mixed-use

Closing

Jun 16, 2022

About this deal

AI

The mixed-use property located at 46-02 70th Street in Maspeth has been refinanced. The property spans approximately 89,935 square feet.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $29,516,000
  • Address: 46-02 70th Street
  • Market: Maspeth
  • Lender: New York Community Bank
  • Landlord: Xiao Ke Tang
  • Loan Type: Refinance

New York Community Bank provided a loan amount of $29,516,000 to refinance the mixed-use property at 46-02 70th Street in Maspeth. Xiao Ke Tang serves as the landlord for this transaction.

The mixed use loan at 46-02 70th Street, Queens, New York 11377, United States in New York, New York financed for $29.5M in 2022. The building is 89,935 square feet, implying about 328 per square foot on the published price. Named participants on the 46-02 70th Street, Queens, New York 11377, United States loan are Xiao Ke Tang. This page is the New York, New York file for the 46-02 70th Street, Queens, New York 11377, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 46-02 70th Street, Queens, New York 11377, United States around 2022. Published consideration for 46-02 70th Street, Queens, New York 11377, United States is $29.5M, dated 2022. Cite this New York Community Bank Provides $29.5M Refinance Loan For Mixed-Use Property In Maspeth loan when underwriting similar mixed use product around New York, New York.

Players

New York Community Bank
New York Community BankLender

Xiao Ke Tang

Landlord

$60M

vol

5 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $328 per square foot on a published $29.5M for 89,935 square feet (2022).

Visit Xiao Ke Tang to view all their deals.

Browse New York mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.54%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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