Chase Bank Provides $5.575M Refinance Loan For Flushing Multifamily Property
FINANCED
$5,575,000
New York
See Similar DealsMultiFamily70,000 SF
Financed 10/13/2023
FINANCED
Chase Bank Provides $5.575M Refinance Loan For Flushing Multifamily Property
134-17 Cherry Avenue
See Similar DealsMultiFamily70,000 SF
Financed 10/13/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$79
Total Square Footage:70,000 SF
Transaction Type:Loan
Located at 134-17 Cherry Avenue in Flushing, Queens, this multifamily property spans approximately 70,000 square feet and consists of 75 units. The property was recently involved in a refinancing transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,575,000
- Address: 134-17 Cherry Avenue, Flushing, Queens
- Market: Flushing, Queens
- Square Footage: 70,000
- Units: 75
The lender for this transaction was Chase Bank, while the landlord is the Cheng Family. The brokers involved in this deal were Avi Eyal and Joshua Pollack from FM Capital.
For more information on this refinancing transaction or to discuss any financing needs, interested parties can contact Avi Eyal at [email protected].
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,575,000.00
Monthly NOI$37,166.67
Monthly Debt Service$35,237.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions