Updated Oct 28, 2024
Bethpage Federal Credit Union Provides $105M Loan For Multifamily Refinance In Long Island City, Queens
42-22 27th Street, Queens, New York 11101, United States
$105,000,000
$744/SF
Building Size
141,077 SF
Asset Type
MultiFamily
Closing
Aug 31, 2022
About this deal
AI
The multifamily property located at 42-22 27th Street in Long Island City, Queens has undergone a loan refinancing transaction. The property spans an area of 141,077 square feet and consists of 195 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $105,000,000
- Address: 42-22 27th Street, Long Island City, Queens
- Market: Long Island City, Queens
- Lender: bethpage''>Bethpage Federal Credit Union - Robert Fish
- Landlord: Rabsky Group - Simon Dushinsky
- Units: 195
- Loan Type: Refinance
Bethpage Federal Credit Union, represented by Robert Fish, provided the loan refinancing for the property. Rabsky Group, led by Simon Dushinsky, serves as the landlord.
On the Map
$105,000,000
$744/SF
MultiFamily
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New York 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93