Lloyd Goldman's BLDG Secures $20.2M Loan On Queens Portfolio
106-16 71st Ave #30th, Queens, NY 11375, USA
$20,200,000
$170/SF
Building Size
118,471 SF
Asset Type
Other
Closing
Oct 28, 2019
AI
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.
Players
Forest Hills Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93