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20-75 18th Street, Astoria,...

Rubin Schron's Cammeby's International Group Refinances Astoria Multifamily For $122.7M With Lender NewPoint Real Estate Capital
FINANCEDMultiFamily

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

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

NewPoint Real Estate Capital
NewPoint Real Estate CapitalLender

Rubin Schron

Cammeby’s International Group

Landlord

$708.2M

vol

11 deals

Landlord

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