Columbia Pacific Refinances Multifamily Property In Queens For $38.5M
23-10 Queens Plaza South, Queens, New York 11101, United States
$38,500,000
$356/SF
Building Size
108,000 SF
Asset Type
MultiFamily
Closing
Dec 3, 2021
AI
The multifamily property located at 23-10 Queens Plaza South in Queens has recently undergone a loan refinancing transaction. The loan was provided by Columbia Pacific, with Will Nelson representing the lender. The loan amount for the refinancing was $38,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $38,500,000
- Address: 23-10 Queens Plaza South
- Market: Queens
- Lender: Columbia Pacific – Will Nelson
The landlord for this property is Dynamic Star, represented by Gary Segal and Brad Zackson. The brokerage services were provided by Shlomo Weissberg and Shamir Seidman from Meridian Capital 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93