Investors Bank Refinances $85M Loan For Retail Property On Jamaica Ave
162-10 Jamaica Ave, Jamaica, NY 11432
$85,000,000
$1,332/SF
Building Size
63,777 SF
Asset Type
Retail
Closing
Dec 16, 2021
About this deal
AI
The recently closed transaction involved a retail property located at 162-10 Jamaica Ave. in the Jamaica market. This property spans across 63,777 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $85,000,000
Investors Bank provided the loan for this transaction, which amounted to $85,000,000. The loan type was a refinance. The title agency involved in the deal was @TownTitleAgency.
The retail loan at 162-10 Jamaica Ave, Jamaica, NY 11432 in New York, New York financed for $85M in 2021. The building is 63,777 square feet, implying about 1.3K per square foot on the published price. This page is the New York, New York file for the 162-10 Jamaica Ave, Jamaica, NY 11432 retail financed: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else financed near 162-10 Jamaica Ave, Jamaica, NY 11432 around 2021. Published consideration for 162-10 Jamaica Ave, Jamaica, NY 11432 is $85M, dated 2021. Cite this Investors Bank Refinances $85M Loan For Retail Property On Jamaica Ave loan when underwriting similar retail product around New York, New York.
Players
New York 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93