Hirshmark Capital Provides $4.05M Bridge Loan For Mixed-Use Property At 4730 & 4731 Vernon Blvd. & 17514 Horace Harding Expressway In Queens
4730 Vernon Blvd, Long Island City, Queens County, NY, USA
$4,050,000
$324/SF
Building Size
12,500 SF
Asset Type
Mixed-use
Closing
Sep 24, 2021
About this deal
AI
A mixed-use property located at 4730 & 4731 Vernon Blvd. & 17514 Horace Harding Expressway in Queens has been involved in a recent transaction. The property has a total square footage of 12,500 and is situated in a vibrant market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,050,000
- Loan Type: Bridge Loan
As part of the transaction, a bridge loan was provided by Hirshmark Capital, specifically Igor Vaysberg, who represented the lender. The loan amount of $4,050,000 was facilitated through this arrangement. The landlord involved in the deal is Raphy Benaim.
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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93