Daily limit: 0/10
Richard Boynton Of Fairfield Properties Secures $11.6M Refinance Loan From Citibank For Multifamily Asset
FINANCED
$11,600,000
New York
See Similar DealsMultiFamily83,730 SF
Financed 11/06/2025
FINANCED
Richard Boynton Of Fairfield Properties Secures $11.6M Refinance Loan From Citibank For Multifamily Asset
7 07 Beach 9th Street
See Similar DealsMultiFamily83,730 SF
Financed 11/06/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$138
Total Square Footage:83,730 SF
Transaction Type:Loan
The multifamily asset is located at 7-07 Beach 9th Street in Far Rockaway, Queens, encompassing a total square footage of 83,730. The property features a 104-unit elevator building and has undergone refinancing, with a loan amount of $11,600,000 secured from Citibank. The refinancing replaced a previous loan of $15,200,000 from TD Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,600,000
- Address: 7-07 Beach 9th Street
- Market: Far Rockaway, Queens
- Lender: Citibank
- Landlord: Richard Boynton - Fairfield Properties
- Previous Loan: $15,200,000 from TD Bank
The transaction was facilitated by Richard Boynton, who represents Fairfield Properties in this refinancing deal, executed through Fairfield Beach 9th LLC.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,600,000.00
Monthly NOI$77,333.33
Monthly Debt Service$73,319.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions