Updated Feb 16, 2024
Bank Of Hope Provides $58.5M Loan For Multifamily Property In Astoria
12-15 Broadway, Astoria, NY, USA
$58,500,000
$405/SF
Building Size
144,303 SF
Asset Type
MultiFamily
Closing
Jul 29, 2021
About this deal
AI
The multifamily property located at 12-15 Broadway in Astoria has been involved in a recent real estate transaction. The property spans across a total area of 144,303 square feet and consists of 214 units. The transaction took place on 07/30/2021 and involved a loan from Bank of Hope.
Summary of transaction details:
- Property Type: Multifamily
- Loan Amount: $58,500,000
- Address: 12-15 Broadway
- Market: Astoria
David Lubianitsky is the landlord of the property. The loan amount provided by Bank of Hope was $58,500,000. The transaction signifies the involvement of various key individuals and companies, highlighting the collaboration between David Lubianitsky as the landlord and Bank of Hope as the lender.
On the Map
$58,500,000
$405/SF
MultiFamily
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Players
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93