Updated Oct 30, 2026
Morris Betesh, Omar Ferreira & Jonah Schultz Of Arrow Real Estate Advisors Secure $13M Refinance Loan In Long Island City
25-11 38th Avenue
$13,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 31, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 38th Avenue in the Long Island City market. The refinance loan amount secured for this property is $13,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Loan Type: Refinance
- Landlord's Representative: Morris Betesh, Omar Ferreira & Jonah Schultz - Arrow Real Estate Advisors
In this transaction, the key individuals representing the landlord are Morris Betesh, Omar Ferreira, and Jonah Schultz, all affiliated with Arrow Real Estate Advisors. They played a significant role in facilitating the refinancing process for the property.
On the Map
$13,000,000
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93