Updated Oct 29, 2024
Pistilli Realty Group Refinances Multifamily Property In Flushing For $27.3M With New York Community Bank
47-30 59th St Woodside, NY 11377, USA
$27,332,208
Building Size
—
Asset Type
MultiFamily
Closing
Apr 1, 2023
About this deal
AI
The multifamily property located at 47-30 59th Street & 37-08 28th Avenue in Flushing has undergone a loan refinancing transaction. The property, owned by Mike Pistilli of Pistilli Realty Group, received a loan amount of $27,332,208 from New York Community Bank. The loan refinancing deal was facilitated by Avi Weinstock and Ezra Sutton of Meridian Capital Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,332,208
- Address: 47-30 59th Street & 37-08 28th Avenue
- Market: Flushing
This loan refinancing transaction involved Mike Pistilli, the owner of the property, as well as the lender New York Community Bank. Avi Weinstock and Ezra Sutton, representing Meridian Capital Group, played crucial roles in facilitating the deal.
On the Map
$27,332,208
MultiFamily
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Market 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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93