Green Group Refinances Elmhurst Office Building At 41-12 77th Street For $4.5M With Lion Fox Partners
41 12 77th Street
$4,500,000
$431/SF
Building Size
10,429 SF
Asset Type
Office
Closing
Mar 20, 2025
About this deal
AI
An office building located at 41-12 77th Street in Elmhurst, Queens, features a total square footage of 10,429. The current loan for the property is valued at $4,500,000, and this transaction is categorized as a refinance.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $4,500,000
- Loan Type: Refinance
- Lender: Ari Schwartz - Lion Fox Partners
- Landlord: Jamil Uddin - Green Group
The refinance replaces a previous loan amounting to $2,800,000 that was secured from Cathay Bank for the same property, reflecting the ongoing financial activities of Green Group in managing its real estate assets.
On the Map
$4,500,000
$431/SF
Office
View full map
Players
Elmhurst Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Ari Schwartzbard to view all their deals.
Browse Elmhurst office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93