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
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.
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