Bruman Realty Refinances Astoria Development Site For $75M Loan From Greystone & Co

A development site located at 26-25 4th Street in Astoria, Queens has secured a refinancing loan worth $75 million. The loan was obtained by Bruman Realty, represented by Joseph Brunner through their entity Fourth Fee LLC. The property is a development site with a buildable square footage (BSF) of 288,907 and has plans for 165 residential units.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $75,000,000
• Address: 26-25 4th Street, Astoria, Queens
• Market: Astoria, Queens
• BSF: 288,907
• Units: 165

The lender responsible for providing the refinancing loan is Greystone & Co, specifically through their entity Greystone Servicing Company LLC. The loan was facilitated by Barbari Masi, the representative of Greystone & Co. On the other hand, Joseph Brunner, the owner and landlord of the property, is associated with Bruman Realty. This loan will support the development project on the aforementioned site.