facebook
Traded Co logo
Submit

Signature Bank Provides $45.5M Loan For Astoria & Bronx Package Deal

Property Image
FINANCED
$45,500,000
Josh Rhine
MP
JP

New York

See Similar Deals
MultiFamily
Financed 01/04/2021
the dealplayerscompscontact
Property Image
FINANCED

Signature Bank Provides $45.5M Loan For Astoria & Bronx Package Deal

25-90 35th St, Astoria, NY, USA

See Similar Deals
MultiFamily
Financed 01/04/2021
Josh Rhine
MP
JP
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

A package deal in Astoria and Bronx, consisting of properties located at 25-90 35th St, 175th St, 355 E. 187th St, 535 E. Tremont Ave, 1770-1772 E. 172nd St, and 2865-2873 Webster Ave, has closed in a loan transaction.

Summary of transaction details

Josh Rhine, representing Meridian Capital Group, facilitated the deal between the landlord, @PistilliRealty - @MiikePistilli & Joseph Pistilli, and the lender, Signature Bank.

Players

Josh Rhine
Meridian Capital Group
Josh Rhine
10 deals$479.2M volume(212) 612-0256
BROKER
Signature Bank
Signature Bank
LENDER
MP
Miike Pistilli
3 deals$99.8M volume
LANDLORD
JP
Joseph Pistilli
4 deals$61.9M volume
LANDLORD

Details

FINANCED
IMAGE: Joseph Pistilli, Mike Pistilli & Josh Rhine DATE: 01/04/2021 ADDRESS: 25-90 35th St, 175th St, 355 E. 187th St, 535 E. Tremont Ave, 1770-1772 E. 172nd St, 2865-2873 Webster Ave MARKET: Astoria & Bronx ASSET TYPE: Package Deal LENDER: Signature Bank LANDLORD: @PistilliRealty - @MiikePistilli & Joseph Pistilli BROKERS: Josh Rhine - Meridian Capital Group AMOUNT: $45,500,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$45,500,000.00

Monthly NOI$303,333.33
Monthly Debt Service$287,590.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00