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119-37 Farmers Boulevard, Q...

Lev Brokers Refinance $935K Loan For St. Albans Multifamily Property
FINANCEDMultiFamily

Lev Brokers Refinance $935K Loan For St. Albans Multifamily Property

119-37 Farmers Boulevard, Queens, New York 11412, United States

$935,000

$133,571/SF

Building Size

7 SF

Asset Type

MultiFamily

Closing

Nov 17, 2022

AI

Located at 119-37 Farmer's Blvd. in St. Albans, this multifamily property spans approximately 7,150 square feet. The property was involved in a recent refinance transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $935,000
  • Loan Type: Refinance
  • Loan Terms: 5% rate, 10-year term, 30-year amortization

The transaction was facilitated by Joe Klein, Max Hulsh, Carly Rubin, and Yaakov Zar from Lev. They represented the parties involved in the deal.

Players

Yaakov Zar
Verified Badge

Yaakov Zar

Lev

Broker

$189.3M

vol

34 deals

Broker

Saint Albans 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

16.97%

Cash-on-Cash

-4.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93