facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Loan

/

48-05 Metropolitan Avenue, ...

Ladder Capital Finance Refinances Mixed-Use Property In Ridgewood, Queens For $60M
FINANCEDMixed-use

Ladder Capital Finance Refinances Mixed-Use Property In Ridgewood, Queens For $60M

48-05 Metropolitan Avenue, Queens, NY, USA

$60,000,000

$428/SF

Building Size

140,000 SF

Asset Type

Mixed-use

Closing

Nov 9, 2021

AI

Located in Ridgewood, Queens, the mixed-use property at 48-05 Metropolitan Avenue recently underwent a refinancing transaction. Spanning a total area of 140,000 square feet, this property boasts a diverse range of residential and commercial spaces.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $60,000,000
  • Address: 48-05 Metropolitan Avenue
  • Market: Ridgewood, Queens
  • Lender: Ladder Capital Finance
  • Landlord: Ryder Washburn
  • Brokers: Jillian Mariutti & Brian Buglione - JLL Capital Markets

Jillian Mariutti and Brian Buglione from JLL Capital Markets played a pivotal role as brokers in arranging this refinancing deal. They effectively facilitated the transaction on behalf of the parties involved.

Players

Brian Buglione

JLL

Broker

$114.6M

vol

5 deals

Broker
Ladder Capital
Ladder CapitalLender

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.26%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93