Lloyd Goldman's BLDG Secures $20.2M Loan On Queens Portfolio
FINANCED
$20,200,000
New York
See Similar DealsOther118,471 SF
Financed 10/29/2019
FINANCED
Lloyd Goldman's BLDG Secures $20.2M Loan On Queens Portfolio
106-16 71st Ave #30th, Queens, NY 11375, USA
See Similar DealsOther118,471 SF
Financed 10/29/2019
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$170
Total Square Footage:118,471 SF
Transaction Type:Loan
Lloyd Goldman's BLDG has closed a property transaction in Queens. The transaction involved several properties, including 32-01 30th Avenue, 97-01 63rd Drive, 106-16 71st Avenue, 97-21 Queens Boulevard, and 101-04 Queens Boulevard. The total square footage of the properties is 118,471. The lender for the transaction was M&T Bank, and the loan amount was $20,200,000.
Summary of transaction details
- Property Type: Mixed-Use (Residential and Commercial)
- Transaction Amount: $20,200,000
- Lender: M&T Bank
- Landlord: Lloyd Goldman - BLDG
- Total Square Footage: 118,471
- Market: Queens
Lloyd Goldman's BLDG, a prominent real estate entity, owns over 250 residential and commercial properties in NYC and nationwide. Their recent transaction in Queens demonstrates their continued investment in the area.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,200,000.00
Monthly NOI$134,666.67
Monthly Debt Service$127,677.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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