Updated Jun 5, 2025
JPMorgan Chase Provides $25.4M Refinance Loan For Multifamily Property In Jackson Heights
74-10 35th Avenue, Queens, New York 11372, United States
$25,425,000
$173/SF
Building Size
147,000 SF
Asset Type
MultiFamily
Closing
Jun 7, 2022
About this deal
AI
Rakesh Agarwal and Roseann Schmid have secured a loan refinance for their multifamily property located at 74-10 35th Avenue in Jackson Heights. The property has a total square footage of 147,000, accommodating 210 units. The loan was provided by JPMorgan Chase for the amount of $25,425,000. The landlords of the property are ABC Properties and Fisher Associates.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $25,425,000
- Address: 74-10 35th Avenue
- Market: Jackson Heights
- Loan Type: Refinance
JPMorgan Chase served as the lender for this loan transaction. The property owners, ABC Properties and Fisher Associates, successfully secured the loan to refinance their multifamily property in Jackson Heights.
On the Map
$25,425,000
$173/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93