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146-10 35th Avenue, Queens,...

Hirshmark Capital Provides $2M Loan For Multifamily Property At 146-10 35th Avenue In Queens
FINANCEDMultiFamily

Hirshmark Capital Provides $2M Loan For Multifamily Property At 146-10 35th Avenue In Queens

146-10 35th Avenue, Queens, NY, USA

$2,000,000

$80/SF

Building Size

25,000 SF

Asset Type

MultiFamily

Closing

Dec 14, 2020

AI

The multifamily property located at 146-10 35th Avenue in Queens has been involved in a recent loan transaction. The loan amount for this transaction is $2,000,000.

Summary of transaction details:

The loan for this property was provided by Hirshmark Capital. The representatives involved in this deal were Igor Vaysberg from Hirshmark Capital and Joe Hach from Leviathan.

Players

Igor Vaysberg

Broker

$75.3M

vol

11 deals

Broker
Leviathan Capital
Leviathan CapitalBrokerage
Hirshmark Capital
Hirshmark CapitalLender

Steve Cheung

Landlord

$48.7M

vol

8 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93