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14-01 Broadway, Queens, NY ...

Updated Mar 11, 2025

Lions Group Acquires Multifamily Property On Broadway In Astoria, Queens
FINANCEDMultiFamily

Lions Group Acquires Multifamily Property On Broadway In Astoria, Queens

14-01 Broadway, Queens, NY 11106, USA

$37,050,000

$1,848/SF

Building Size

20,040 SF

Asset Type

MultiFamily

Closing

Oct 6, 2019

About this deal

AI

The property involved in this closed transaction is a multifamily asset located at 14-01 Broadway in Astoria, Queens. The property consists of 82 units and the loan amount for the transaction was $37,050,000.

Summary of transaction details

Fannie Mae provided the loan for this transaction. The Lions Group, specifically the Shirian Family, were the landlords of the property. The deal was facilitated by the brokers from Greystone Capital Advisors, namely Drew Fletcher, Matthew Klauer, and Bryan Grover.

On the Map

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$37,050,000

$1,848/SF

MultiFamily

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Players

Bryan Grover

Greystone

Broker

$6.5B

vol

41 deals

Broker
Greystone
GreystoneBrokerage
Fannie Mae
Fannie MaeLender
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $1.8K per square foot on a published $37.1M for 20,040 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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