Meridian Capital Group Facilitates $13.8M Acquisition Loan For Mixed-Use Property In Sunnyside
FINANCED
$13,854,000
+ 2
New York
See Similar DealsMixed-use28,153 SF
Financed 07/01/2022
FINANCED
Meridian Capital Group Facilitates $13.8M Acquisition Loan For Mixed-Use Property In Sunnyside
47-16 Greenpoint Avenue, Queens, New York 11377, United States
See Similar DealsMixed-use28,153 SF
Financed 07/01/2022
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$492
Total Square Footage:28,153 SF
Transaction Type:Loan
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
- Property Type: Mixed-use
- Transaction Amount: $13,854,000
- Address: 47-16 Greenpoint Avenue, Sunnyside
- Market: Sunnyside
- BROKERS: Reuben Hedaya & Judah Hammer - Meridian Capital Group
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,854,000.00
Monthly NOI$92,360.00
Monthly Debt Service$87,566.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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