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RB Realty Capital Secures $47M Refinance Loan For Retail Building In Kew Garden Hills, Queens
FINANCED
$47,000,000
New York
See Similar DealsRetail193,276 SF
Financed 08/25/2023
FINANCED
RB Realty Capital Secures $47M Refinance Loan For Retail Building In Kew Garden Hills, Queens
77 Vleigh Place & 39 Vleigh Place
See Similar DealsRetail193,276 SF
Financed 08/25/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$243
Total Square Footage:193,276 SF
Transaction Type:Loan
A retail building located at 77-39 Vleigh Place in Kew Garden Hills, Queens has secured a $47 million refinance loan from Ponce Bank. The building spans 96,638 square feet and is owned by RB Realty Capital.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $47,000,000
- Address: 77-39 Vleigh Place, Kew Garden Hills, Queens
- Market: Kew Garden Hills, Queens
- Lender: Ponce Bank
- Lender Representatives: Steven A. Tsavaris and Carlos P. Naudon
- Landlord: RB Realty Capital
- Landlord Representatives: Avi Matatov and Aron Rosenberg
RB Realty Capital, operating through Vp Capital Holdings LLC, successfully obtained the refinance loan from Ponce Bank for the mentioned retail building in Kew Garden Hills, Queens.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$47,000,000.00
Monthly NOI$313,333.33
Monthly Debt Service$297,071.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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