Bethpage Federal Credit Union Provides $105M Loan For Multifamily Refinance In Long Island City, Queens
FINANCED
$105,000,000
New York
See Similar DealsMultiFamily141,077 SF
Financed 09/01/2022
FINANCED
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
See Similar DealsMultiFamily141,077 SF
Financed 09/01/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$744
Total Square Footage:141,077 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$105,000,000.00
Monthly NOI$700,000.00
Monthly Debt Service$663,671.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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