Updated Sep 9, 2024
Leviathan Capital Facilitates $4M Loan For Multifamily Property In Flushing
144-69 Barclay Ave, Flushing, NY 11355, USA
$4,000,000
$198/SF
Building Size
20,200 SF
Asset Type
MultiFamily
Closing
Jul 22, 2020
About this deal
AI
A multifamily property located at 144-69 Barclay Avenue in Flushing has been involved in a closed transaction. The property encompasses a total of 20,200 square feet and consists of 23 units. The loan amount for this transaction was $4,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 144-69 Barclay Avenue
- Market: Flushing
The lender for this transaction was Maxim Capital, with Adam Glick and Josh Greene representing the company. The landlord of the property involved in the transaction is Lisa Lam. The brokerage firm involved in the deal was Leviathan Capital, with Joseph Hach representing the firm.
Players
New York 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93