Updated Aug 20, 2026
The Domain Companies Secures $175.6M Construction And Equity Loan From Wells Fargo And Canyon Partners In Astoria
35-45 41st Street
$175,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 5, 2026
About this deal
AI
The asset involved in the transaction is a multifamily property located at Elara, 35-45, 35-33 & 35-42 41st Street in Astoria, Queens. The property is financed through a combination of construction and equity placement, with a loan amount of $175,600,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $175,600,000
- Lender: Wells Fargo
- Equity Partner: Canyon Partners Real Estate
- Borrower: The Domain Companies
- Loan Type: Construction + Equity Placement
The key individuals involved in this transaction are Christopher Peck and Nicco Lupo, who are representatives within the transaction context. They are associated with the financing structure involving Wells Fargo and Canyon Partners Real Estate.
Players
Long Island City 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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93