Updated Oct 5, 2026
Xiao Ke Tang Secures $22.5 Million Refinance For 60-Unit Multifamily At 43-25 52nd Street
43-25 52nd Street
$22,500,000
Units
60
Asset Type
MultiFamily
Closing
Sep 14, 2026
About this deal
AI
The asset involved in the transaction is a 60-unit multifamily residential building located at 43-25 52nd Street in the Sunnyside neighborhood of Queens. The property was refinanced for a total loan amount of $22,500,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $22,500,000
- Lender: RWC Lending
- Landlord: Xiao Ke Tang
- Asset Address: 43-25 52nd Street
- Market: Sunnyside, Queens
- Units: 60
- Loan Type: Refinance
Xiao Ke Tang, representing 43-25 52 LLC, facilitated the refinancing through RWC Lending, ensuring continued investment in the multifamily property located in a strategic market area.
On the Map
$22,500,000
MultiFamily
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Players
Woodside 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93