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23 10 Queens Plaza South

Stéphanie Paix Of Natixis Provides $158.2M Refinance Loan To Ofer Yardeni's Multifamily Asset
FINANCEDMultiFamily

Stéphanie Paix Of Natixis Provides $158.2M Refinance Loan To Ofer Yardeni's Multifamily Asset

23 10 Queens Plaza South

$158,200,000

Building Size

Asset Type

MultiFamily

Closing

Jun 12, 2025

AI

The asset involved in this transaction is a multifamily property located at 23-10 Queens Plaza South in Long Island City, Queens. This Class A multifamily property comprises a total of 391 units. The refinancing transaction amounted to $158.2 million, facilitated through a floating-rate loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $158,200,000
  • Lender: Stéphanie Paix - Natixis
  • Landlord: Ofer Yardeni - Stonehenge
  • Market: Long Island City
  • Loan Type: Refinance

The transaction was executed with Stéphanie Paix representing Natixis as the lender in this refinancing deal for the multifamily property managed by landlord Ofer Yardeni of Stonehenge. The refinancing supports the ongoing operations and management of the multifamily units within the property.

Players

Natixis
NatixisLender
Natixis
NatixisLender

Ofer Yardeni

Landlord

$892.6M

vol

12 deals

Landlord

Long Island City 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

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93