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Golden Globe Real Estate Management Refinances Retail Property At 99-10 Astoria Boulevard For $6.8M
FINANCED
$6,800,000
New York
See Similar DealsRetail
Financed 08/27/2025
FINANCED
Golden Globe Real Estate Management Refinances Retail Property At 99-10 Astoria Boulevard For $6.8M
99 10 Astoria Boulevard
See Similar DealsRetail
Financed 08/27/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The asset involved in this transaction is a retail building located at 99-10 Astoria Boulevard in East Elmhurst, Queens. The property was refinanced with a loan amount of $6,800,000, which replaced an existing loan of $8,300,000 from BankUnited.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,800,000
- Lender: Citizens Bank
- Landlord: Yusef Eid
- Asset Management: Golden Globe Real Estate Management
- Date of Transaction: 08/27/2025
This refinancing deal was managed by Citizens Bank, which provided the loan to Golden Globe Real Estate Management, represented by Yusef Eid, indicating a strategic financial maneuver for the landlord's retail operations.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,800,000.00
Monthly NOI$45,333.33
Monthly Debt Service$42,980.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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