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
Whitestone Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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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