Aaron Kurlansky Of Sheridan Capital Provides $20 Million Refinance Loan For Retail Property In Astoria
37 11 35th Avenue
$20,000,000
Building Size
—
Asset Type
Retail
Closing
Jul 24, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 37-11 35th Avenue in Astoria. It has a loan amount of $20,000,000, which is part of a refinance loan type.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,000,000
- Loan Type: Refinance
- Lender: Aaron Kurlansky - Sheridan Capital
- Transaction Date: 7/25/2025
- Market: Astoria
The key individual in this transaction is Aaron Kurlansky, who represents Sheridan Capital as the lender involved in the refinancing of the retail property.
On the Map
$20,000,000
Retail
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Players
Long Island City 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93