Arbor Realty Trust Provides $3.88M Loan For Multifamily Property In Richmond Hill, Queens
FINANCED
$3,880,000
New York
See Similar DealsMultiFamily11,580 SF
Financed 06/19/2019
FINANCED
Arbor Realty Trust Provides $3.88M Loan For Multifamily Property In Richmond Hill, Queens
87-86 116th St, Jamaica, NY 11418, USA
See Similar DealsMultiFamily11,580 SF
Financed 06/19/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$335
Total Square Footage:11,580 SF
Transaction Type:Loan
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
- Property Type: Multifamily
- Transaction Amount: $3,880,000
- Lender: Arbor Realty Trust
- Landlord: Radoje Lazic
- Broker: Lenny Solinsky
- Originator: Geoffrey Platt
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,880,000.00
Monthly NOI$25,866.67
Monthly Debt Service$24,524.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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