Updated Sep 9, 2024
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Lender: Hirshmark Capital
- Landlord: Steve Cheung
- Brokers: Igor Vaysberg - Hirshmark Capital, Joe Hach - Leviathan
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.
The multifamily loan at 146-10 35th Avenue, Queens, NY, USA in New York, New York financed for $2M in 2020. The building is 25,000 square feet, implying about 80 per square foot on the published price. Joseph (Joe) Hach, Igor Vaysberg, Steve Cheung, Refined appear on the loan alongside Refined, Leviathan Capital. This page is the New York, New York file for the 146-10 35th Avenue, Queens, NY, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 146-10 35th Avenue, Queens, NY, USA around 2020. Published consideration for 146-10 35th Avenue, Queens, NY, USA is $2M, dated 2020. Cite this Hirshmark Capital Provides $2M Loan For Multifamily Property At 146-10 35th Avenue In Queens loan when underwriting similar multifamily product around New York, New York.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93