Updated Oct 28, 2024
New York Community Bank Refinances Multifamily Property In Queens For $22M
18-22 21st Avenue, Queens, New York 11105, United States
$22,026,000
$139/SF
Building Size
158,193 SF
Asset Type
MultiFamily
Closing
Aug 10, 2022
About this deal
AI
Located at 18-22 21st Avenue & 21-09 19th Street in Queens, this multifamily property spans approximately 158,193 square feet and consists of 210 units. The property was recently involved in a loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,026,000
- Address: 18-22 21st Avenue & 21-09 19th Street
- Market: Queens
- Loan Type: Refinance
The loan for this transaction was provided by New York Community Bank. The landlord of the property is Cammeby’s International Group, represented by Eli Schron.
On the Map
$22,026,000
$139/SF
MultiFamily
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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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93