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Zhidong Wu Of ZD Jasper Realty Refinances Multifamily Property In Sunnyside For $35 Million
FINANCED
$35,000,000
New York
See Similar DealsMultiFamily68,999 SF
Financed 09/05/2024
FINANCED
Zhidong Wu Of ZD Jasper Realty Refinances Multifamily Property In Sunnyside For $35 Million
43-15 52nd Street
See Similar DealsMultiFamily68,999 SF
Financed 09/05/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$507
Total Square Footage:68,999 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily residential building located at 43-15 52nd Street in Sunnyside, Queens. This asset comprises 87 units and has a total square footage of 68,999. The refinance transaction involves a loan amount of $35,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $35,000,000
- Address: 43-15 52nd Street
- Market: Sunnyside, Queens
- Units: 87
- Square Footage: 68,999
- Lender: Andrea H. Chermayeff - J.P. Morgan Chase & Company
- Landlord: Zhidong Wu - ZD Jasper Realty
- Loan Type: Refinance
- Date of Closing: September 5, 2024
Key individuals involved in this transaction include Zhidong Wu, who is the landlord, and Andrea H. Chermayeff, representing J.P. Morgan Chase & Company as the lender for the refinance of the property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,000,000.00
Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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