FINANCEDRetail
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
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.
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