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
- 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.
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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93