RockFarmer Properties And RWN Real Estate Partners Secures $42.5M Loan For Mixed-Use Property In Queens, New York
FINANCED
$42,500,000
New York
See Similar DealsMixed-use56,580 SF
Financed
FINANCED
RockFarmer Properties And RWN Real Estate Partners Secures $42.5M Loan For Mixed-Use Property In Queens, New York
82-11 37th Avenue
See Similar DealsMixed-use56,580 SF
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$751
Total Square Footage:56580 SF
Transaction Type:Loan
A mixed-use property located at 82-11 37th Avenue in Queens, New York, has recently been involved in a closed transaction. The property, owned by RockFarmer Properties and RWN Real Estate Partners, caught the attention of lenders and developers in the market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $42,500,000
Carlo Cinganelli provided a loan of $42,500,000 for this transaction. The property was represented by Savills Studley's David Krantz and Paul Leibowitz, who played a crucial role in ensuring the success of the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,500,000.00
Monthly NOI$283,333.33
Monthly Debt Service$268,628.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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