Chase Bank Refinances Multifamily Property In Astoria, Queens For $12.4M
FINANCED
$12,385,000
New York
See Similar DealsMultiFamily28,500 SF
Financed 05/19/2022
FINANCED
Chase Bank Refinances Multifamily Property In Astoria, Queens For $12.4M
31-10 23rd Street, Queens, New York 11101, United States
See Similar DealsMultiFamily28,500 SF
Financed 05/19/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$434
Total Square Footage:28,500 SF
Transaction Type:Loan
Located in Astoria, Queens, the property at 31-10 23rd St. & 21-28 31st Ave. recently underwent a closed transaction. The multifamily asset, with a total square footage of 28,500, was involved in a refinancing deal. The loan was provided by Chase Bank for an amount of $12,385,000. The landlord, Robert Kahn, completed the transaction with the assistance of broker Yaniv Cohen from Leviathan Capital.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $12,385,000
- Address: 31-10 23rd St. & 21-28 31st Ave.
- Market: Astoria, Queens
- Square Footage: 28,500
- Lender: Chase Bank
- Landlord: Robert Kahn
- Broker: Yaniv Cohen - Leviathan Capital
In this transaction, Robert Kahn acted as the landlord and enlisted the services of Yaniv Cohen from Leviathan Capital as the broker representative. The refinancing deal involved a loan from Chase Bank, allowing for the continuation of the property's multifamily use in Astoria, Queens.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,385,000.00
Monthly NOI$82,566.67
Monthly Debt Service$78,281.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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