Ilan Cohen Of Daniel Group Secures $19.5 Million Loan From Bank Of America For Multifamily Asset In Astoria
11-05 30th Road
$19,500,000
$232/SF
Building Size
84,000 SF
Asset Type
MultiFamily
Closing
Jul 20, 2026
AI
The asset involved in this transaction is a multifamily residential elevator building located at 11-05 30th Road in Astoria, Queens. The property encompasses a total of 84,000 square feet and comprises 81 units. The refinancing loan secured for this asset amounts to $19,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,500,000
- Address: 11-05 30th Road
- Market: Astoria, Queens
- Asset Size: 84,000 SF
- Units: 81
- Lender: Bank of America
- Landlord: Ilan Cohen - Daniel Group
- Loan Type: Refinance
Daniel Group acted on behalf of 30 Vernon LLC to secure the refinancing loan from Bank of America for the multifamily property, highlighting their involvement in the transaction as the representative of the landlord, Ilan Cohen.
Players
Rudd MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93