Updated Nov 28, 2024
Madison Realty Capital And Josh Zegen Acquire Multifamily Property In Rego Park With $105M Loan From Signature Bank
62-60 99th St, Flushing, NY 11374, USA
$105,000,000
$208/SF
Building Size
503,000 SF
Asset Type
MultiFamily
Closing
Feb 4, 2020
About this deal
AI
A multifamily property located at 62-60 99th Street in Rego Park has been involved in a closed transaction. The property, which is owned by Madison Realty Capital and Josh Zegen, was part of a deal that involved a loan from Signature Bank in the amount of $105,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $105,000,000
- Address: 62-60 99th Street, Rego Park
- Market: Rego Park
- Lender: Signature Bank
- Landlord: Madison Realty Capital, Josh Zegen
This transaction was made possible through a loan provided by Signature Bank. Madison Realty Capital and Josh Zegen served as the landlords in the deal.
Players
Rego Park 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