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Arbor Realty Trust Provides $98M Loan For Long Island City Multifamily Acquisition By The Rabsky Group

Property Image
FINANCED
$98,000,000

New York

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MultiFamily141,077 SF
Financed 02/10/2021
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Property Image
FINANCED

Arbor Realty Trust Provides $98M Loan For Long Island City Multifamily Acquisition By The Rabsky Group

42-22 27th Street, Long Island City, NY, USA

See Similar Deals
MultiFamily141,077 SF
Financed 02/10/2021
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$694
Total Square Footage:141,077 SF
Transaction Type:Loan

The multifamily property located at 42-22 27th Street in Long Island City has been involved in a recent transaction. The property spans over 141,077 square feet and consists of 195 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $98,000,000
  • Address: 42-22 27th Street
  • Market: Long Island City
  • Loan Amount: $98,000,000
  • Lender: Arbor Realty Trust
  • Landlord: The Rabsky Group

Arbor Realty Trust served as the lender in this transaction, providing a loan amount of $98,000,000. The Rabsky Group, acting as the landlord, engaged in the deal.

Players

Arbor Realty Trust
Arbor Realty Trust
LENDER
R
RabskyGroup
LANDLORD

Details

FINANCED
IMAGE: Ivan Kaufman DATE: 02/10/2021 ADDRESS: 42-22 27th Street MARKET: Long Island City ASSET TYPE: Multifamily ~ SF: 141,077 ~ UNITS: 195 LENDER: @ArborRealtyTrust LANDLORD: The @RabskyGroup LOAN AMOUNT: $98,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$98,000,000.00

Monthly NOI$653,333.33
Monthly Debt Service$619,426.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00