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Mike Pistilli Of Pistilli Management Secures $2.4M Refinance Loan For Multifamily In Astoria

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FINANCED
$2,565,000

New York

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MultiFamily14,692 SF
Financed 04/25/2025
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Property Image
FINANCED

Mike Pistilli Of Pistilli Management Secures $2.4M Refinance Loan For Multifamily In Astoria

25 20 42nd Street

See Similar Deals
MultiFamily14,692 SF
Financed 04/25/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$174
Total Square Footage:14,692 SF
Transaction Type:Loan

The transaction involves a multifamily asset located at 25-20 42nd Street in Astoria. The property has a total square footage of 14,692 and consists of 20 units. The loan amount for this refinancing transaction is $2,400,000, provided by JP Morgan Chase.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,400,000
  • Address: 25-20 42nd Street
  • Market: Astoria
  • Square Footage: 14,692
  • Units: 20
  • Lender: JP Morgan Chase
  • Landlord: Mike Pistilli - Pistilli Management
  • Broker: Ezra Sutton - Meridian Capital Group
  • Loan Type: Refinance

Key individuals involved in the transaction include Mike Pistilli, who represents Pistilli Management as the landlord, and Ezra Sutton, acting as the broker from Meridian Capital Group. A note from the broker highlights their efficiency with the remark, "Results, delivered!"

Players

Ezra Sutton
Meridian Capital Group
Ezra Sutton
26 deals$556.7M volume
BROKER
J.P. Morgan Chase
J.P. Morgan Chase
LENDER

Details

FINANCED
IMAGE: Mike Pistilli & Ezra Sutton DATE: 04/25/2025 ADDRESS: 25-20 42nd Street MARKET: Astoria ASSET TYPE: MultiFamily ~ SF: 14,692 ~ UNITS: 20 LENDER: JP Morgan Chase (@JPMorgan) LANDLORD: Mike Pistilli (@MikeaPistilli) - Pistilli Management (@PistilliMgmt) BROKER: Ezra Sutton (@Ezra_Sutton) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $2,400,000 LOAN TYPE: Refinance NOTE FROM BROKER: Results, delivered! To see how Meridian can assist with your financing needs, contact Ezra Sutton: (212) 468-5964 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,565,000.00

Monthly NOI$17,100.00
Monthly Debt Service$16,212.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00