Updated Feb 16, 2024
Vincent Ragosta Refinances Multifamily Property In Far Rockaway With $13.9M Loan From New York Community Bank
22-11 New Haven Avenue, Queens, New York 11691, United States
$13,900,000
$144/SF
Building Size
96,310 SF
Asset Type
MultiFamily
Closing
Jul 27, 2022
About this deal
AI
The multifamily property located at 2211 New Haven Avenue in Far Rockaway has undergone a successful loan refinancing transaction. The property spans an impressive 96,310 square feet and comprises 108 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,900,000
- Address: 2211 New Haven Avenue
- Market: Far Rockaway
- Square Footage: 96,310
- Number of Units: 108
New York Community Bank acted as the lender in this refinancing deal. Vincent Ragosta served as the landlord for this transaction.
It is worth noting that the loan amount for this refinancing transaction was $13,900,000.
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
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93