Updated Jul 15, 2026
FINANCEDMultiFamily
Harborview Capital Partners & First American Capital Group Refinances Multifamily Property In Bayside, Queens For $4.55M
39th Avenue, Queens, New York 11358, United States
$4,550,000
$188/SF
Building Size
24,140 SF
Asset Type
MultiFamily
Closing
Dec 27, 2021
About this deal
AI
Located at 20802 39th Ave. in Bayside, Queens, is a multifamily property comprising 26 units. The total square footage of the property is 24,140. The market value of this asset is not specified in the provided information. The transaction took place on December 28, 2021, and the loan amount for this deal was $4,550,000. The loan type was a refinance, specifically a HUD 223(A)(7) refinance. Yucel Adebali is the landlord of this property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,550,000
- Square Footage: 24,140
- Units: 26
- Market: Bayside, Queens
Dean Ofer, representing First American Capital Group and Harborview Capital Partners, played a role as the lender in this deal. If you are interested in learning more about HUD, Agency, or Bridge financing, you can reach out to Dean Ofer at 646-733-8520 or via email at [email protected].
On the Map
$4,550,000
$188/SF
MultiFamily
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Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93