Updated Nov 5, 2026
FINANCEDMultiFamily
24-01 Queens Plaza North
24-01 Queens Plaza North
$43,675,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 15, 2026
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 24-01 Queens Plaza North in Long Island City. The transaction encompasses a condo inventory loan amounting to $43,675,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $43,675,000
- Lender: Goodman Capital & JEMM Capital Partners
- Loan Originator: Etan Slomovic - Madison Realty Capital & Eric Goodman - Goodman Capital
- Borrower: Bentley Zhao
- Landlord's Representative: Vincent Martucci - Apex Capital Real Estate Advisors
The deal features key individuals such as lenders Goodman Capital and JEMM Capital Partners, with loan origination handled by Etan Slomovic and Eric Goodman. Bentley Zhao is the borrower, facilitated in the transaction by landlord's representative Vincent Martucci of Apex Capital Real Estate Advisors.
On the Map
$43,675,000
MultiFamily
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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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93