Updated Sep 5, 2024
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
About this deal
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.
The multifamily loan at 119-37 Farmers Boulevard, Queens, New York 11412, United States in Saint Albans, New York financed for $935K in 2022. The building is 7 square feet, implying about 133.6K per square foot on the published price. Carly Rubin, Yaakov Zar, Lev appear on the loan alongside Lev. This page is the Saint Albans, New York file for the 119-37 Farmers Boulevard, Queens, New York 11412, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Saint Albans sit in the Market section below. Filter that Saint Albans multifamily set by closing date to see what else financed near 119-37 Farmers Boulevard, Queens, New York 11412, United States around 2022. Published consideration for 119-37 Farmers Boulevard, Queens, New York 11412, United States is $935K, dated 2022. Cite this Lev Brokers Refinance $935K Loan For St. Albans Multifamily Property loan when underwriting similar multifamily product around Saint Albans, New York.
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