Landlord's Rep Morris Betesh, Jack McPhail And Alex Ellman Lead Queens Retail $55.5M Acquisition Loan
FINANCED
$55,500,000
New York
See Similar DealsRetail1 SF
Financed 07/29/2025
FINANCED
Landlord's Rep Morris Betesh, Jack McPhail And Alex Ellman Lead Queens Retail $55.5M Acquisition Loan
Retail1 SF
Financed 07/29/2025
Summary
Asset Type:Retail
Price Per Square Foot:$55,500,000
Total Square Footage:1 SF
Transaction Type:Loan
A retail asset in Queens is financed with a $55,500,000 acquisition loan.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $55,500,000
- Market: Queens
- LOAN TYPE: Acquisition
- Landlord's Rep: Morris Betesh, Jack McPhail & Alex Ellman - Arrow Real Estate Advisors
The landlords’ representation for the Queens retail acquisition was handled by Arrow Real Estate Advisors, with principal contacts listed as Morris Betesh, Jack McPhail and Alex Ellman, as of July 30, 2025.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$55,500,000.00
Monthly NOI$370,000.00
Monthly Debt Service$350,797.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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