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30-78 44th Street

Updated Jun 29, 2026

Florentina Paunescu Secures $1,209,000 Refinance Loan For Multifamily Property In Astoria
FINANCEDMultiFamily

Florentina Paunescu Secures $1,209,000 Refinance Loan For Multifamily Property In Astoria

30-78 44th Street

$1,209,000

$229/SF

Building Size

5,262 SF

Asset Type

MultiFamily

Closing

Mar 31, 2026

About this deal

AI

The property involved in this transaction is a MultiFamily asset located at 30-78 44th Street in Astoria, featuring a total square footage of 5,262 and comprising 6 units. The loan for this asset amounts to $1,209,000 and is classified as a refinance with terms set for 30 years fixed, including a 10-year interest-only period.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,209,000
  • Square Footage: 5,262
  • Units: 6
  • Address: 30-78 44th Street
  • Market: Astoria
  • Lender: SM Capital, Inc. & Oaktreet Funding Corp
  • Landlord: Florentina Paunescu
  • Lender's Representative: Max Ozkural - SM Capital
  • Loan Type: Refinance
  • Loan Terms: 30 years fixed with 10-year I/O

The key individuals involved in this transaction include the landlord Florentina Paunescu and the lenders SM Capital, Inc. and Oaktreet Funding Corp. The lender's representative for the deal is Max Ozkural from SM Capital, overseeing the financing arrangement for the landlord.

On the Map

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$1,209,000

$229/SF

MultiFamily

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Players

Max Ozkural
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Max Ozkural

SM Capital, Inc.

Broker

$104.4M

vol

13 deals

Broker
Max Ozkural
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Max Ozkural

SM Capital, Inc.

Originator

$104.4M

vol

13 deals

Originator
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Astoria MultiFamily Market Snapshot

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Deal FAQ

About $229 per square foot on a published $1.2M for 5,262 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.12%

Cash-on-Cash

-3.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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