Apple Bank Refinances Office Building At 27-01 Queens Plaza North In New York City For $30M
FINANCED
$30,000,000
New York
See Similar DealsOffice700,000 SF
Financed 07/24/2023
FINANCED
Apple Bank Refinances Office Building At 27-01 Queens Plaza North In New York City For $30M
27-01 Queens Plaza N Queens, NY 11101, USA
See Similar DealsOffice700,000 SF
Financed 07/24/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$42
Total Square Footage:700,000 SF
Transaction Type:Loan
The property involved in this closed transaction is an office building located at 27-01 Queens Plaza North in New York City. The property spans approximately 700,000 square feet and is owned by Brause Realty.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $30,000,000
- Loan Type: Refinance
- Lender: Apple Bank
- Brokers: Gideon Gil, Lauren Kaufman & Dale Braverman - Cushman & Wakefield
Apple Bank provided a loan amount of $30,000,000 for the refinance of the office property at 27-01 Queens Plaza North. The transaction involved the representation of Gideon Gil, Lauren Kaufman, and Dale Braverman from Cushman & Wakefield as brokers.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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