Hirshmark Capital Refinances Mixed-Use Property In Jamaica, Queens For $4.7M
90-67 Sutphin Boulevard, Queens, New York 11435, United States
$4,700,000
$313/SF
Building Size
15,000 SF
Asset Type
Mixed-use
Closing
Jan 19, 2022
About this deal
AI
The mixed-use property located at 9067 & 9069 Sutphin Blvd. and 14614 & 14618 Jamaica Avenue in Jamaica, Queens has been involved in a loan transaction. The property spans approximately 15,000 square feet and is situated in the vibrant market of Jamaica.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,700,000
- Loan Type: Refinance
Hirshmark Capital provided the refinancing loan for this property. They facilitated the loan amount of $4,700,000. Processing this loan transaction was Jake Soodek from Hirshmark Capital, representing the borrower.
Players
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93