Meridian Capital Group Brokers $147M Refinance Loan For Queens, Brooklyn & Bronx Self-Storage Portfolio

31-07 20th Avenue, Queens, New York 11105, United States

$147,000,000

$367/SF

Building Size

400,000 SF

Asset Type

—

Closing

Aug 14, 2022

AI

An self-storage property located at 31-07 20th Ave. in Queens, 1084 Rockaway Ave in Brooklyn, and 1260 Zerega Ave in the Bronx has undergone a refinance transaction. The property spans a total square footage of 400,000 and is owned by Prime Group.

Summary of transaction details:

Property Type: Self-Storage
Transaction Amount: $147,000,000
Market: Queens, Brooklyn, and Bronx
Lender: Slate Asset Management
Borrower's Representative: Anthony Candela
Landlord: Prime Group
Brokers: Drew Anderman and Ben Nevid
Brokers' Agency: Meridian Capital Group

The refinance loan was facilitated by Anthony Candela from Slate Asset Management. The brokers responsible for the deal were Drew Anderman and Ben Nevid from Meridian Capital Group.

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