Updated Oct 28, 2024
A&E Real Estate Refinances Queens Multifamily Properties With $60.9M Loan From Mesa West Capital
132-70 Sanford Avenue, Queens, New York 11355, United States
$60,875,265
$223/SF
Building Size
272,518 SF
Asset Type
MultiFamily
Closing
Aug 7, 2022
About this deal
AI
The multifamily property located at 132-70 Sanford Avenue, 151-10 35th Avenue & 40-11 79th Street in Queens has recently undergone a refinancing transaction. This property spans an impressive 272,518 square feet and consists of 176 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $60,875,265
- Loan Type: Refinance
The lender involved in this transaction is Mesa West Capital, represented by Raphael Fishbach. The landlord of the property is A&E Real Estate.
The multifamily loan at 132-70 Sanford Avenue, Queens, New York 11355, United States in New York, New York financed for $60.9M in 2022. Reported inventory is 272,518 square feet across 176 units, or about 223 per square foot. This page is the New York, New York file for the 132-70 Sanford Avenue, Queens, New York 11355, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 132-70 Sanford Avenue, Queens, New York 11355, United States around 2022. Published consideration for 132-70 Sanford Avenue, Queens, New York 11355, United States is $60.9M, dated 2022. Cite this A&E Real Estate Refinances Queens Multifamily Properties With $60.9M Loan From Mesa West Capital loan when underwriting similar multifamily product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93