JPMorgan Chase Provides $3.75M Refinance Loan To David Koptiev For Laurelton Retail Properties
234 28 Merrick Boulevard & 234 36 Merrick Boulevard
$3,750,000
$132/SF
Building Size
14,157 SF
Asset Type
Retail
Closing
Jun 16, 2025
About this deal
AI
The property involved in this transaction consists of two locations at 234-28 Merrick Boulevard and 234-36 Merrick Boulevard in Laurelton, Queens. The asset is categorized as retail with a total square footage of 14,157. A refinancing loan of $3,750,000 was secured, replacing a previous loan from the Blackstone Group amounting to $3,500,000.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,750,000
- Lender: JPMorgan Chase
- Landlord: David Koptiev
- Agency: Platinum Realty Associates
- Market: Laurelton, Queens
- Previous Loan Amount: $3,500,000
- Refinance via: 233 Merrick Realty LLC
The refinancing transaction involved David Koptiev representing the landlord through Platinum Realty Associates. JPMorgan Chase provided the refinancing loan for this deal, allowing the landlord to replace the mandated Blackstone Group loan, enhancing their financial operations across multiple properties in the area.
On the Map
$3,750,000
$132/SF
Retail
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Players
Rosedale 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93