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72-01 Queens Blvd, Woodside...

Updated Oct 28, 2024

Pacific Western Bank And Mitchell Julis Provide $156M Loan For Mixed-Use Property In Woodside, Queens
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

About this deal

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.

The mixed use loan at 72-01 Queens Blvd, Woodside, NY, USA in New York, New York financed for $156M in 2020. Reported inventory is 363,873 square feet across 365 units, or about 428 per square foot. Rael Gervis, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the New York, New York file for the 72-01 Queens Blvd, Woodside, NY, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 72-01 Queens Blvd, Woodside, NY, USA around 2020. Published consideration for 72-01 Queens Blvd, Woodside, NY, USA is $156M, dated 2020. Cite this Pacific Western Bank And Mitchell Julis Provide $156M Loan For Mixed-Use Property In Woodside, Queens loan when underwriting similar mixed use product around New York, New York.

Players

Rael Gervis

Meridian Capital Group

Broker

$1.2B

vol

23 deals

Broker
Canyon Partners
Canyon Partners Lender

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $428 per square foot on a published $156M for 363,873 square feet (2020).

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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

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