Updated Sep 11, 2026
Bank Hapoalim B.M. Provides $29.25M Construction Loan For Multifamily Property In Jamaica, Queens
138-45 Jamaica Avenue
$29,250,000
$427/SF
Building Size
68,498 SF
Asset Type
MultiFamily
Closing
Jan 13, 2023
About this deal
AI
The multifamily property located at 138-45 Jamaica Avenue in Jamaica, Queens has been involved in a recent closed transaction. The property spans a total square footage of 68,498 and is situated in the bustling market of Jamaica, Queens.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,250,000
- Lender: Bank Hapoalim B.M. - New York (BHI) - Mimi Vu
- Landlord: ZD Jasper Realty - Jasper Wu
The key individuals and companies involved in this transaction are worth noting. The lender for this deal was Bank Hapoalim B.M. - New York (BHI), with Mimi Vu representing the bank. On the other hand, ZD Jasper Realty, owned by Jasper Wu, acted as the landlord in this transaction.
On the Map
$29,250,000
$427/SF
MultiFamily
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Players
Toms River 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93