New York Community Bank Provides $12.4M Loan For Multifamily Buildings In Jamaica
FINANCED
$12,396,000
New York
See Similar DealsMultiFamily137,700 SF
Financed 02/19/2021
FINANCED
New York Community Bank Provides $12.4M Loan For Multifamily Buildings In Jamaica
138-42 90th Avenue, Jamaica, NY, USA
See Similar DealsMultiFamily137,700 SF
Financed 02/19/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$90
Total Square Footage:137,700 SF
Transaction Type:Loan
Two properties, located at 138-42 90th Avenue and 153-19 89th Avenue in Jamaica, were involved in a recent closed transaction. The multifamily buildings were part of a loan deal facilitated by New York Community Bank.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $12,396,000
- Units: 126
- Market: Jamaica
- Landlord: Chaim Schweid
New York Community Bank provided a loan of $12,396,000 for the acquisition of the two multifamily properties. The properties consist of a total of 126 units and are situated in the Jamaica market. Chaim Schweid is the landlord associated with this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,396,000.00
Monthly NOI$82,640.00
Monthly Debt Service$78,351.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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