New Empire Corp Secures $72 Million Construction Loan From Naftali Credit Partners In Long Island City

The property asset involved in this transaction is located at 24-01 Queens Plaza North in Long Island City. It consists of luxury condos, with a building square footage of 119,625 and a total of 117 units. The lender for this transaction is Naftali Credit Partners, and the loan type is construction, amounting to $72,000,000.

Summary of transaction details:

• Property Type: Luxury Condos
• Transaction Amount: $72,000,000
• Address: 24-01 Queens Plaza North
• Market: Long Island City
• Asset Square Footage: 119,625
• Number of Units: 117
• Lender: Naftali Credit Partners
• Landlord: New Empire Corp - Bentley Zhao
• Broker: Chaim Greenfeld - Eastern Union

This transaction involves key individuals and companies, including the landlord, New Empire Corp, represented by Bentley Zhao. The brokerage firm handling this deal is Eastern Union, with Chaim Greenfeld as the broker representing the transaction.