Updated Aug 5, 2025
Robert S. Nelson Of Nelson Management Group Refinances Multifamily Asset In Forest Hills For $18.4M
105 05 69th Avenue
$18,400,000
Units
117
Asset Type
MultiFamily
Closing
Jul 17, 2025
About this deal
AI
The asset involved in this transaction is a multifamily residential building located at 105-05 69th Avenue in Forest Hills, Queens. The property contains a total of 117 units and has undergone refinancing to update its financial structure.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,400,000
- Loan Type: Refinance
- Lender: Santander Bank
- Landlord: Robert S. Nelson - Nelson Management Group
- Previous Lender: Flagstar Bank
The refinancing was executed by Nelson Management Group for its residential building, enhancing financial management by replacing previous debt obligations. The transaction marks a significant financial step for the landlord in maintaining the property’s operational viability.
Players
Forest Hills MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Nelson Management Group to view all their deals.
Browse Forest Hills multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93