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Fresh Meadows

Jordan Horowitz, Michael Horowitz & David Horowitz Secure $44.5M Refinance Loan In Fresh Meadows
FINANCEDMixed-use

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:

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

Michael Horowitz

Cooper Horowitz

Broker

$1.1B

vol

25 deals

Broker

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