Updated Dec 19, 2023
FINANCEDMultiFamily
Trevian Capital Provides $6.45M Loan For Multifamily Property In Astoria
19-14 21st Street
$6,450,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 30, 2021
About this deal
AI
19-14 21st Road, located in Astoria, has been involved in a recent closed transaction. The property, categorized as a Multifamily asset, has been the subject of a loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,450,000
- Lender: Trevian Capital represented by Michael Hoffenberg & Charlie Zabriskie
- Landlord: Aki Todic
- Brokers: Sevenstone Capital
The key individuals and companies involved in the deal are as follows:
- Trevian Capital, represented by Michael Hoffenberg & Charlie Zabriskie, acted as the lender in the transaction.
- Aki Todic served as the landlord.
- Sevenstone Capital played a role as the brokers in the deal.
Players
Trevian CapitalLender
Astoria MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93