facebook
Traded Co logo
Submit

Derby Copeland Capital Provides $7.6M Loan To Luxstone Partners For Multifamily Acquisition In Sunnyside

Property Image
FINANCED
$7,600,000

New York

See Similar Deals
MultiFamily35,000 SF
Financed 06/26/2025
the dealdetailscomps
Property Image
FINANCED

Derby Copeland Capital Provides $7.6M Loan To Luxstone Partners For Multifamily Acquisition In Sunnyside

41 48 40th Street

See Similar Deals
MultiFamily35,000 SF
Financed 06/26/2025
the dealdetailscomps

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$217
Total Square Footage:35,000 SF
Transaction Type:Loan

A multifamily building located at 41-48 40th Street in Sunnyside, Queens features an area of 35,000 square feet. The property transaction involved an acquisition loan amounting to $7,600,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,600,000
  • Loan Type: Acquisition
  • Address: 41-48 40th Street
  • Market: Sunnyside
  • Lender: Derby Copeland Capital
  • Landlord: Luxstone Partners

The transaction was facilitated by Derby Copeland Capital, which closed the loan for the aforementioned multifamily asset. Derby Copeland Management Group, LLC serves as a registered investment adviser in this process.

Details

FINANCED
IMAGE: 6/26/2025 ADDRESS: 41-48 40th Street MARKET: Sunnyside ASSET TYPE: Multifamily ~ SF: 35,000 LENDER: Derby Copeland Capital LANDLORD: Luxstone Partners LOAN AMOUNT: $7,600,000 LOAN TYPE: Acquisition NOTE FROM LENDER: Derby Copeland Capital closed an acquisition and renovation loan for $7,600,000 at a multifamily building located at 41-48 40th Street in Sunnyside, Queens. Derby Copeland Management Group, LLC is a registered investment adviser, which such registration does not provide any expertise or skill. Information presented is for information purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,600,000.00

Monthly NOI$50,666.67
Monthly Debt Service$48,037.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00