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
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.
Players
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