BCB Bank Provides $8.6M Acquisition Loan For Multifamily Property In Flushing
FINANCED
$8,600,000
New York
See Similar DealsMultiFamily
Financed 08/07/2025
FINANCED
BCB Bank Provides $8.6M Acquisition Loan For Multifamily Property In Flushing
35 28 153rd Street & 35 30 153rd Street
See Similar DealsMultiFamily
Financed 08/07/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 35-28 153rd Street & 35-30 153rd Street in the Flushing market. The acquisition loan for this property amounts to $8,600,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,600,000
- Lender: BCB Bank
- Landlord's Representative: Omar Ferreira & Jacob Schmuckler - Arrow Real Estate Advisors
- Loan Type: Acquisition
This transaction involved key individuals representing the landlord, Omar Ferreira and Jacob Schmuckler from Arrow Real Estate Advisors, who played a significant role in the acquisition process. Their expertise contributed to securing the necessary financing for the property deal.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,600,000.00
Monthly NOI$57,333.33
Monthly Debt Service$54,357.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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