Updated Dec 14, 2024
Peak CapitalRE Acquires Multifamily Property In Astoria For $1.1M With Loan From Urban Standard Capital
28-52 35th Street, Astoria, Queens, NY, USA
$1,100,000
$174/SF
Building Size
6,300 SF
Asset Type
MultiFamily
Closing
Oct 5, 2021
About this deal
AI
A multifamily property located at 28-52 35th Street in Astoria has been acquired through an acquisition loan. The property spans approximately 6,300 square feet and comprises six units. The transaction was facilitated by Urban Standard Capital, with Seth Weissman, Charlie Brosens, Robert Levine, and Bean representing the lending agency. Peak Capital Real Estate is the landlord for this property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 28-52 35th Street
- Market: Astoria
- Square Footage: 6,300
- Number of Units: 6
Seth Weissman, Charlie Brosens, Robert Levine, and Bean from Urban Standard Capital played a crucial role in facilitating this acquisition loan. For all bridge and construction lending opportunities, interested parties can reach out to Robert at [email protected] or Charlie at [email protected].
Players
Astoria 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93