facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Loan

/

153-01 10th Avenue

Feil Organization Refinances Whitestone Plaza Retail Center With $12.5M Loan
FINANCEDRetail

Feil Organization Refinances Whitestone Plaza Retail Center With $12.5M Loan

153-01 10th Avenue

$12,500,000

$188/SF

Building Size

66,482 SF

Asset Type

Retail

Closing

Apr 17, 2024

AI

The Feil Organization, operating as East 11th Holding LLC, secured a $12.5 million refinance loan from Mutual of Omaha's United of Omaha Life Insurance Company for Whitestone Plaza, a retail center located at 153-01 10th Avenue in Whitestone, Queens. The property, with a building square footage of 66,482 and a BSF of 198,115, is owned by Jeffrey Feil of the Feil Organization.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $12,500,000
  • Address: 153-01 10th Avenue
  • Market: Whitestone, Queens
  • Lender: Mutual of Omaha
  • Landlord: Jeffrey Feil - Feil Organization
  • Loan Type: Refinance

The loan was provided by Mutual of Omaha to Jeffrey Feil, who represents the Feil Organization in this transaction. Mutual of Omaha's United of Omaha Life Insurance Company acted as the lender for the $12.5 million refinance loan secured for the retail center at Whitestone Plaza.

Players

Mutual of Omaha
Mutual of OmahaLender

Whitestone Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93