Louis Lebovits Of BridgeCity Capital Provides $34.25 Million Loan For Astoria Multifamily Project
FINANCED
$34,250,000
New York
See Similar DealsMultiFamily60,852 SF
Financed 05/21/2025
FINANCED
Louis Lebovits Of BridgeCity Capital Provides $34.25 Million Loan For Astoria Multifamily Project
MultiFamily60,852 SF
Financed 05/21/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$562
Total Square Footage:60,852 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located in the Astoria market, with a total square footage of 60,852. The loan provided for this property amounts to $34,250,000, classified under construction loan types with terms of 24 months and extension options, at a loan-to-cost ratio of 82%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,250,000
- Market: Astoria
- Asset Type: Multifamily
- Square Footage: 60,852
- Lender: Louis Lebovits - BridgeCity Capital
- Loan Type: Construction
- Loan Terms: 24 months + extension options
- LTC: 82%
Louis Lebovits represents BridgeCity Capital, which is actively engaged in financing projects that encompass mixed-use, residential, industrial, and construction within the Tri-State Area, South Florida, and other states. The lender can be contacted for inquiries at [email protected].
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,250,000.00
Monthly NOI$228,333.33
Monthly Debt Service$216,483.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions