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87-86 116th St, Jamaica, NY...

Arbor Realty Trust Provides $3.88M Loan For Multifamily Property In Richmond Hill, Queens
FINANCEDMultiFamily

Arbor Realty Trust Provides $3.88M Loan For Multifamily Property In Richmond Hill, Queens

87-86 116th St, Jamaica, NY 11418, USA

$3,880,000

$335/SF

Building Size

11,580 SF

Asset Type

MultiFamily

Closing

Jun 18, 2019

AI

The multifamily property located at 87-86 116th Street in Richmond Hill, Queens has been involved in a recent closed transaction. The property transaction took place on 06/19/2019.

Summary of transaction details

The loan amount for this transaction was $3,880,000. The lender involved in the deal was Arbor Realty Trust. The landlord of the property is Radoje Lazic. Lenny Solinsky from [insert agency name] acted as the broker, and Geoffrey Platt served as the originator for the transaction.

Players

Lenny Solinsky

Broker

$11.7M

vol

3 deals

Broker
Arbor Realty Trust
Arbor Realty TrustLender

Richmond Hill 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

4.09%

Cash-on-Cash

-1.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93