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34-20 32nd Street

Ezra Sutton Of Meridian Capital Group Secures $10.5 Million Refinance Loan For Multifamily Asset In Astoria
FINANCEDMultiFamily

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

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:

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.

Players

Ezra Sutton

Meridian Capital Group

Broker

$570.5M

vol

28 deals

Broker

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