Alma Bank Provides $27M Refinance Loan For Office Buildings In Ditmars Steinway, Queens
FINANCED
$27,000,000
New York
See Similar DealsOffice93,991 SF
Financed 08/10/2022
FINANCED
Alma Bank Provides $27M Refinance Loan For Office Buildings In Ditmars Steinway, Queens
23-25 31st Street, Queens, New York 11101, United States
See Similar DealsOffice93,991 SF
Financed 08/10/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$287
Total Square Footage:93,991 SF
Transaction Type:Loan
Located in the Ditmars Steinway market, the property at 23-25 31st Street & 23-19 31st Street is an office space spanning approximately 93,991 square feet. The loan transaction, which took place on 08/10/2022, involved a refinance of the property.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $27,000,000
- Lender: Alma Bank
- Landlord: Yiannis Konstantinidis
Yiannis Konstantinidis represented the landlord in this refinance deal. The loan was provided by Alma Bank.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,000,000.00
Monthly NOI$180,000.00
Monthly Debt Service$170,658.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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