World Wide Group & Rabina Secures $160.25 Million Refinance Loan From KKR Real Estate In Long Island City
FINANCED
$160,250,000
New York
See Similar DealsMultiFamily
Financed 12/31/2025
FINANCED
World Wide Group & Rabina Secures $160.25 Million Refinance Loan From KKR Real Estate In Long Island City
41 42 24th Street
See Similar DealsMultiFamily
Financed 12/31/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 41-42 24th Street in the Long Island City market. The asset comprises a total of 421 units and has secured a refinance loan amounting to $160,250,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $160,250,000
- Lender: KKR Real Estate
- Landlord: World Wide Group & Rabina
- Brokers: Christopher Peck, Lauren Kaufman & Michael Shmuely - JLL
- Loan Type: Refinance
Key individuals involved in this deal include Christopher Peck, Lauren Kaufman, and Michael Shmuely, who are the brokers representing the landlords World Wide Group and Rabina during this transaction.
Players
BROKERAGE
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$160,250,000.00
Monthly NOI$1,068,333.33
Monthly Debt Service$1,012,889.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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