Jordan Horowitz, Michael Horowitz & David Horowitz Secure $44.5M Refinance Loan In Fresh Meadows
$44,500,000
$353/SF
Building Size
126,000 SF
Asset Type
Mixed-use
Closing
May 5, 2025
AI
The asset involved in this transaction is a mixed-use property situated in Fresh Meadows, encompassing a total square footage of 126,000. The loan amount for this refinance deal is $44,500,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $44,500,000
- Market: Fresh Meadows
- Loan Type: Refinance
- Brokers: Jordan Horowitz, Michael Horowitz & David Horowitz - Cooper Horowitz
The transaction was facilitated by three brokers who played a crucial role in the refinancing process, representing the parties involved effectively throughout the deal. Their expertise and collaboration are critical to the successful completion of this transaction.
Players
Market 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93