facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

83-15 Lefferts Boulevard

Cammeby’s International Group Refinances Multifamily Building In Kew Gardens, Queens With Capital One
FINANCEDMultiFamily

Cammeby’s International Group Refinances Multifamily Building In Kew Gardens, Queens With Capital One

83-15 Lefferts Boulevard

$13,233,000

Building Size

Asset Type

MultiFamily

Closing

Mar 28, 2020

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.

Players

Eli Schron

Cammeby’s International Group

Landlord

$183.1M

vol

10 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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