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Vito Giannola Refinances Astoria Multifamily Asset With $7.3 Million Loan From Provident Bank
FINANCED
$7,300,000
New York
See Similar DealsMultiFamily38,750 SF
Financed 10/09/2025
FINANCED
Vito Giannola Refinances Astoria Multifamily Asset With $7.3 Million Loan From Provident Bank
28 21 Astoria Boulevard
See Similar DealsMultiFamily38,750 SF
Financed 10/09/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$188
Total Square Footage:38,750 SF
Transaction Type:Loan
A multifamily residential building located at 28-21 Astoria Boulevard in Astoria, Queens, encompasses a square footage of 38,750 and consists of 24 units. Vito Giannola has refinanced this property, securing a loan amount of $7.3 million from Provident Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,300,000
- Loan Type: Refinance
- Lender: Provident Bank
- Landlord: Vito Giannola
- Market: Astoria, Queens
The transaction was facilitated by Vito Giannola, who represents the ownership of the property. Provident Bank provided the financing necessary for the refinance of the residential building, indicating the financial partnership in the deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,300,000.00
Monthly NOI$48,666.67
Monthly Debt Service$46,140.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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