HKS Real Estate Advisors Facilitates $8.33M Loan Refinance For Retail Property On Austin Street In Queens
71-18 Austin Street
$8,330,000
$462/SF
Building Size
18,000 SF
Asset Type
Retail
Closing
Jul 14, 2022
About this deal
AI
The retail property located at 71-18 & 71-24 Austin Street in Queens, New York has been involved in a recent loan transaction. The property spans across 18,000 square feet and is situated in the Queens market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,330,000
- Loan Type: Refinance
The loan for the property was secured for an amount of $8,330,000. Michael Lee from HKS Real Estate Advisors represented the parties involved in the deal as the broker.
The retail loan at 71-18 Austin Street in Street, New York financed for $8.3M in 2022. The building is 18,000 square feet, implying about 462 per square foot on the published price. Michael Lee, HKS Real Estate Advisors appear on the loan alongside HKS Real Estate Advisors. This page is the Street, New York file for the 71-18 Austin Street retail financed: pricing, party profiles, and other closed retail comps from the same Street sit in the Market section below. Filter that Street retail set by closing date to see what else financed near 71-18 Austin Street around 2022. Published consideration for 71-18 Austin Street is $8.3M, dated 2022. Cite this HKS Real Estate Advisors Facilitates $8.33M Loan Refinance For Retail Property On Austin Street In Queens loan when underwriting similar retail product around Street, New York.
Street Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Michael Lee to view all their deals.
Browse New York retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93