Updated Oct 28, 2024
Rubin Schron's Cammeby's International Group Refinances Astoria Multifamily For $122.7M With Lender NewPoint Real Estate Capital
20-75 18th Street, Astoria, NY, USA
$122,707,946
$182/SF
Building Size
673,028 SF
Asset Type
MultiFamily
Closing
Aug 31, 2021
About this deal
AI
The multifamily property located at 20-53, 20-65, and 20-75 18th Street in Astoria has been involved in a recent loan transaction. The property spans a total of 673,028 square feet and consists of 204 units. The loan, valued at $122,707,946, was secured for the purpose of refinancing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $122,707,946
- Address: 20-53, 20-65 & 20-75 18th Street, Astoria
- Market: Astoria
- Square Footage: 673,028
- Units: 204
NewPoint Real Estate Capital served as the lender for this loan transaction. The landlord associated with the property is Rubin Schron, who represents Cammeby’s International Group.
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93