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Yitzchok Katz Of Goose Property Management Secures $96.5 Million Refinance Loan For Multifamily Asset
FINANCED
$96,500,000
New York
See Similar DealsMultiFamily
Financed 08/07/2025
FINANCED
Yitzchok Katz Of Goose Property Management Secures $96.5 Million Refinance Loan For Multifamily Asset
32 03 39th Avenue
See Similar DealsMultiFamily
Financed 08/07/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
Two residential elevator buildings located at 32-03 39th Avenue and 31-11 39th Avenue in Long Island City, Queens, consist of a total of 193 units. The asset falls under the multifamily category and was involved in a refinance loan transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $96,500,000
- Lender: Berkadia Commercial Mortgage
- Landlord: Yitzchok Katz - Goose Property Management
- Loan Type: Refinance
- Loan Date: 08/07/2025
- Market: Long Island City, Queens
Yitzchok Katz’s 39th Ave Holdings 1 LLC is the entity responsible for securing the refinance loan from Berkadia for the mentioned properties, facilitating the financial restructuring for the landlord’s holdings in the area.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$96,500,000.00
Monthly NOI$643,333.33
Monthly Debt Service$609,945.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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