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
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