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
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