Updated Jul 10, 2026
Ezra Sutton Of Meridian Capital Group Secures $10.5 Million Refinance Loan For Multifamily Asset In Astoria
34-20 32nd Street
$10,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 6, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily property located at 34-20 32nd Street and 136-16 222nd Street in Astoria. The refinancing transaction pertains to an amount of $10,500,000 with a loan type secured at an interest rate of 5.82%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Loan Type: Refinance
- Loan Terms: 5.82% rate
- Market: Astoria
- Broker: Ezra Sutton - Meridian Capital Group
Ezra Sutton from Meridian Capital Group represents the refinancing deal, facilitating the transaction of the multifamily property in Astoria. His involvement has helped secure the financing terms agreed upon for this property.
On the Map
$10,500,000
MultiFamily
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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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93