Updated Oct 29, 2024
Cammeby’s International Group Refinances Multifamily Building In Kew Gardens, Queens With Capital One
83-15 Lefferts Boulevard
$13,233,000
Units
90
Asset Type
MultiFamily
Closing
Mar 28, 2020
About this deal
AI
The Cammeby's International Group has refinanced its 90-unit residential elevator building located at 83-15 Lefferts Boulevard in Kew Gardens, Queens. The property, which features 107,700 square feet of built space, was purchased in 2018 for $22.7 million. The recent refinancing deal with Capital One amounts to $13.2 million.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $13,233,000
- Units: 90
- Address: 83-15 Lefferts Boulevard
- Market: Kew Gardens, Queens
The lender for this refinancing deal is Capital One, and the representative from the bank involved in the transaction is Lindsey Javery. Eli Schron, representing Cammeby's International Group, serves as the landlord in this deal.
On the Map
$13,233,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93