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.
On the Map
$122,707,946
$182/SF
MultiFamily
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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