Daily limit: 0/10
BLDG Management Refinances Portfolio Of 10 Properties With $21.5M Loan From M&T Bank
FINANCED
$21,500,000
New York
See Similar DealsOffice270,282 SF
Financed 10/05/2023
FINANCED
BLDG Management Refinances Portfolio Of 10 Properties With $21.5M Loan From M&T Bank
153-01 Jamaica Avenue, 153-11 Jamaica Avenue & 4025 Laconia Avenue
See Similar DealsOffice270,282 SF
Financed 10/05/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$79
Total Square Footage:270,282 SF
Transaction Type:Loan
The portfolio of properties located at 153-01 Jamaica Avenue, 153-11 Jamaica Avenue, and 4025 Laconia Avenue in Jamaica, Queens and Wakefield, Bronx has been involved in a loan transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $21,500,000
- BSF: 326,583
- SF: 90,094
- Lender: Hunter Noah - M&T Bank
- Landlord: Lloyd Goldman - BLDG Management
- Loan Type: Refinance
BLDG Management, represented by signatory Lloyd Goldman, secured a refinance loan valued at $21.5 million from M&T Bank, specifically through their entity Manufacturers And Traders Trust Company. This loan is applicable to a portfolio of 10 properties within the mentioned locations.
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
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
$21,500,000.00
Monthly NOI$143,333.33
Monthly Debt Service$135,894.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions