Marc D. Taub Of Taub Development Secures $65 Million Loan From M&T Bank For Retail Properties
48-18 Northern Boulevard
$65,000,000
$263/SF
Building Size
246,993 SF
Asset Type
Retail
Closing
Aug 13, 2026
About this deal
AI
The retail property involved in the transaction is located at 48-18 Northern Boulevard in Woodside, Queens, covering an area of 246,993 square feet. The total loan amount secured for this asset is $65 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $65,000,000
- Asset Address: 48-18 Northern Boulevard
- Market: Woodside, Queens
- Lender: M&T Bank
- Landlord: Marc D. Taub
- Developer: Taub Development
Marc D. Taub represents Taub Development in securing the substantial loan from M&T Bank, which is aimed at enhancing their retail properties within the Shops at Northern Boulevard project.
Players
Boulevard Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Marc D. Taub 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93