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1128 3rd Avenue, New York C...

Dime Community Bank Provides $29.5M Refinance Loan For Mixed-Use & Multifamily Properties In Queens & Manhattan
FINANCEDMultiFamily

Dime Community Bank Provides $29.5M Refinance Loan For Mixed-Use & Multifamily Properties In Queens & Manhattan

1128 3rd Avenue, New York City, New York 10065, United States

$29,500,000

Building Size

Asset Type

MultiFamily

Closing

May 24, 2022

AI

A loan for the properties located at 1128 3 Avenue, 239 West 72 Street, 136-42 Maple Avenue, and 108-20 62 Drive has been refinanced. The properties are a mix of mixed-use and multifamily buildings situated in Queens and Manhattan. The loan, provided by Dime Community Bank, is in the amount of $29,500,000.

Summary of transaction details:

  • Property Type: Mixed-Use & Multifamily
  • Transaction Amount: $29,500,000
  • Market: Queens & Manhattan

The individuals involved in this transaction are Isaac Filler, Yossi Koschitzki, and Elliot Levy from Meridian Capital Group, who acted as brokers. They represented the borrowers in securing the refinancing loan from Dime Community Bank.

Players

Isaac Filler

Filler Capital

Broker

$1.7B

vol

77 deals

Broker
Dime Community Bank
Dime Community BankLender

New York 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

0.54%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93