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
- 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.
Players
Richmond Hill MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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