S3 Capital Partners Provides $13.5M Refinance & Construction Loan For Multifamily In Astoria, Queens
FINANCED
$13,500,000
New York
See Similar DealsMultiFamily18,894 SF
Financed 02/09/2022
FINANCED
S3 Capital Partners Provides $13.5M Refinance & Construction Loan For Multifamily In Astoria, Queens
9-24 Main Avenue, Queens, New York 11102, United States
See Similar DealsMultiFamily18,894 SF
Financed 02/09/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$714
Total Square Footage:18,894 SF
Transaction Type:Loan
The property involved in this closed transaction is a multifamily asset located at 9-24 Main Avenue in the market of Astoria, Queens. The property spans a total square footage of 18,894 and comprises 31 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,500,000
- Market: Astoria, Queens
- Square Footage: 18,894
- Units: 31
S3 Capital Partners, represented by Robert Schwartz and Andrew Yakubovich, provided the financing for this transaction. The loan amount was $13,500,000 and it consisted of a refinance and construction loan. For any loan inquiries, interested parties can reach out to Andrew Yakubovich at [email protected].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,500,000.00
Monthly NOI$90,000.00
Monthly Debt Service$85,329.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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