Updated Oct 28, 2024
TD Bank Provides $24.5M Loan For Rego Park Multifamily Acquisition
98-01 67th Avenue, Rego Park, Queens County, NY, USA
$24,500,000
$28/SF
Building Size
872,349 SF
Asset Type
MultiFamily
Closing
May 26, 2021
About this deal
AI
An $24,500,000 loan has been acquired by LeFrak for a multifamily property in Rego Park, Queens. The property consists of four buildings located at 98-01 67th Avenue, 64-20 Saunders Street, and 97-05 & 97-11 Horace Harding Expressway, with a total square footage of 872,349 and 912 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $24,500,000
- Lender: TD Bank
- Landlord: LeFrak
- Market: Rego Park, Queens
TD Bank provided the loan for this transaction, while LeFrak acted as the landlord in acquiring the property.
On the Map
$24,500,000
$28/SF
MultiFamily
View full map
Queens MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93