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47-16 Greenpoint Avenue, Qu...

Meridian Capital Group Facilitates $13.8M Acquisition Loan For Mixed-Use Property In Sunnyside
FINANCEDMixed-use

Meridian Capital Group Facilitates $13.8M Acquisition Loan For Mixed-Use Property In Sunnyside

47-16 Greenpoint Avenue, Queens, New York 11377, United States

$13,854,000

$492/SF

Building Size

28,153 SF

Asset Type

Mixed-use

Closing

Jun 30, 2022

AI

The mixed-use property located at 47-16 Greenpoint Avenue in Sunnyside has been recently involved in a closed transaction. With a total square footage of 28,542, this property offers a diverse range of spaces for various purposes. The transaction took place on 07/01/2022, and the property was acquired through an acquisition loan.

Summary of transaction details

The acquisition loan obtained for this transaction amounted to $13,854,000. Represented by Reuben Hedaya and Judah Hammer from Meridian Capital Group, the parties involved successfully completed the deal.

Players

Michael Kook

Marcus & Millichap

Broker

$98.7M

vol

13 deals

Broker

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

1.15%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93