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
$4,900,000
$72/SF
Building Size
67,636 SF
Asset Type
Mixed-use
Closing
Dec 8, 2021
AI
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
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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93