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:
- 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.
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