Carver Federal Savings Bank Refinances Multifamily Property In Richmond Hill For $1M
101 115th St Richmond Hill, NY 11418, USA
$1,000,000
$347/SF
Building Size
2,880 SF
Asset Type
MultiFamily
Closing
Jul 21, 2023
AI
A multifamily property located at 101-19 115th Street in Richmond Hill has undergone a refinancing transaction. The property consists of 4 units with a total square footage of 2,880. Anowar Hossain is the landlord of this property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Loan Type: Refinance
- Loan Terms: 5-year loan @ 6%
The lender involved in this transaction is Carver Federal Savings Bank. The broker representing the deal is James Hansen from Highcap Group.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93