Updated Oct 19, 2026
Ezz Mortgage Provides $1M& Acquisition Loan For Little Neck Multifamily
248-16 43rd Avenue
$1,000,026
$484/SF
Building Size
2,064 SF
Asset Type
MultiFamily
Closing
Nov 22, 2023
About this deal
AI
A limited-documentation loan has been sourced by Ezz Mortgage, a NY licensed mortgage Corporation, led by Nathan Rabanipour, for the acquisition of a distinguished two-family residence located in Little Neck, Queens. The property, situated at 248-16 43rd Avenue, features a total square footage of 2,064 and comprises two units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,000,026
- Address: 248-16 43rd Avenue, Little Neck, Queens
- Market: Little Neck, Queens
- Loan Type: Acquisition
Nathan Rabanipour of Ezz Mortgage, a reputable mortgage corporation in New York, facilitated the limited-documentation loan for this two-family residence purchase. Ezz Mortgage specializes in financing residential, commercial, and hard money projects nationwide. For more information on their products and services, interested parties can contact Nathan Rabanipour at (516) 967-3108 or via email at [email protected].
On the Map
$1,000,026
$484/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93