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62-04 Roosevelt Ave, Flushi...

Dime Community Bank Funds $11.25M Loan For Mixed-Use Property On Roosevelt Avenue
FINANCEDMixed-use

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

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

Charlie Terrasi

Broker

$78.3M

vol

4 deals

Broker
Dime Community Bank
Dime Community BankLender

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

1.41%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93