Albert Bozzolo Of Flushing Bank Provides $5,000,000 Refinance Loan For Retail Property In Whitestone
19-01 Utopia Parkway
$5,000,000
Building Size
—
Asset Type
Retail
Closing
Mar 30, 2026
About this deal
AI
The transaction involves a retail property located at 1901-2013 Utopia Parkway in the Whitestone market. It has a loan amount of $5,000,000 associated with a refinance loan type.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Lender: Albert Bozzolo - Flushing Bank
- Landlord: Theo Realty
- Broker: Ezra Sutton - Meridian Capital Group
- Transaction Date: 3/31/2026
Albert Bozzolo, representing Flushing Bank, facilitated the refinancing of the property, while Ezra Sutton from Meridian Capital Group acted as the broker in this transaction, representing the financial interests involved.
On the Map
$5,000,000
Retail
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Players
Queens 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93