FINANCEDRetail
Landlord's Rep Morris Betesh, Jack McPhail And Alex Ellman Lead Queens Retail $55.5M Acquisition Loan
$55,500,000
$55,500,000/SF
Building Size
1 SF
Asset Type
Retail
Closing
Jul 29, 2025
About this deal
AI
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.
Players
Market 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93