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69-65 Yellowstone Blvd, For...

Pacific Western Bank Provides $90M Loan For Mixed-Use Property In Forest Hills, NY
FINANCEDMixed-use

Pacific Western Bank Provides $90M Loan For Mixed-Use Property In Forest Hills, NY

69-65 Yellowstone Blvd, Forest Hills, NY, USA

$90,000,000

$1,868/SF

Building Size

48,170 SF

Asset Type

Mixed-use

Closing

May 24, 2021

AI

The mixed-use property located at 69-65 Yellowstone Blvd in Forest Hills has been involved in a recent closed transaction. The property consists of 166 units and is owned by Slate Property Group.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $90,000,000
  • Address: 69-65 Yellowstone Blvd
  • Market: Forest Hills
  • Units: 166

Dustin Stolly, Jordy Roeschlaub, Daniel Fromm, and Dan Morin from Newmark represented the landlord, Slate Property Group, in the deal. The loan for the transaction was provided by Pacific Western Bank.

Players

Dustin Stolly

Walker & Dunlop

Broker

$49.4B

vol

268 deals

Broker
Slate Property Group
Slate Property GroupLender
Slate Property Group
Slate Property GroupLandlord

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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93