Dime Community Bank Funds $11.25M Loan For Mixed-Use Property On Roosevelt Avenue
62-04 Roosevelt Ave, Flushing, NY 11377, USA
$11,250,000
$304/SF
Building Size
37,000 SF
Asset Type
Mixed-use
Closing
May 13, 2019
AI
The mixed-use property located at 6204 Roosevelt Avenue in Woodside has been involved in a recent transaction. The property spans 37,000 square feet and was part of a closed deal.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $11,250,000
- Lender: Dime Community Bank – Team Terrasi
- Landlord: Steve Vas
- Broker: Charlie Terrasi – SVP & MD
In this deal, Dime Community Bank, represented by Team Terrasi, provided a loan amount of $11,250,000 for the transaction. The landlord, Steve Vas, facilitated the purchase of the property. The broker, Charlie Terrasi, who is a Senior Vice President and Managing Director, played a pivotal role in the deal.
Players
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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93