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 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93