Daniel Figotin & Sandra Ferrier Acquire Mixed-Use Properties In Sunnyside, Elmhurst, Astoria & Jackson Heights For $4.9M Loan From Connect One Bank
FINANCED
$4,900,000
New York
See Similar DealsMixed-use67,636 SF
Financed 12/08/2021
FINANCED
Daniel Figotin & Sandra Ferrier Acquire Mixed-Use Properties In Sunnyside, Elmhurst, Astoria & Jackson Heights For $4.9M Loan From Connect One Bank
47-02 Greenpoint Ave ,Sunnyside, Elmhurst, Astoria, 40 14 83rd St,Sunnyside, Elmhurst, Astoria, Sunnyside, Elmhurst, Astoria & 72-22 34th Ave,Sunnyside, Elmhurst, Astoria
See Similar DealsMixed-use67,636 SF
Financed 12/08/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$72
Total Square Footage:67,636 SF
Transaction Type:Loan
Four mixed-use properties in Sunnyside, Elmhurst, Astoria, and Jackson Heights have been involved in a recent transaction. The properties, located at 47-02 Greenpoint Ave., 40-14 83rd St., 21-02 30th Ave., and 72-22 34th Ave., have a total square footage of 16,909. The transaction, which took place on December 8, 2021, involved an acquisition loan from Connect One Bank.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,900,000
- Address: 47-02 Greenpoint Ave., 40-14 83rd St., 21-02 30th Ave., 72-22 34th Ave.
- Market: Sunnyside, Elmhurst, Astoria, Jackson Heights
- Lender: Connect One Bank
- Landlords: Daniel Figotin & Sandra Ferrier
- Broker: Jake Gluck - Fortune CGR
The landlords involved in the transaction are Daniel Figotin and Sandra Ferrier. The broker representing them in the deal is Jake Gluck from Fortune CGR. The loan amount for the acquisition was $4,900,000 provided by Connect One Bank.
Players
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,900,000.00
Monthly NOI$32,666.67
Monthly Debt Service$30,971.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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