FINANCEDMixed-use
Pacific Western Bank And Mitchell Julis Provide $156M Loan For Mixed-Use Property In Woodside, Queens
72-01 Queens Blvd, Woodside, NY, USA
$156,000,000
$428/SF
Building Size
363,873 SF
Asset Type
Mixed-use
Closing
Jul 27, 2020
AI
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $156,000,000
- Units: 364
- Address: 72-01 Queens Blvd., Woodside, Queens
- Market: Woodside, Queens
Mitchell Julis was the lender for the transaction, representing Canyon Partners Real Estate. Pacific Western Bank also participated in the loan as a lender. HG Capital, owned by The Hakimian Organization, acted as the landlord in the deal. Rael Gervis from Meridian Capital Group served as the broker for the transaction.
Players
Canyon Partners Lender
Pacific Western BankLender
HC
HG CapitalLandlord
TO
The Hakimian OrganizationLandlord
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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93