A development site located at 27-19 Thomson Ave in Long Island City, Queens, New York City has been recently involved in a closed property transaction. The property, with a building size of 28,000 square feet, was sold for an acquisition bridge loan amount of $4,000,000. The transaction was facilitated by Adam Hakim, James Murad, and Andrew Ladeluca of Eastern Consolidated, who represented the buyer and seller.

Summary of transaction details

• Property Type: Development Site
• Loan Amount: $4,000,000
• Built Square Feet: 28,000
• Address: 27-19 Thomson Ave, Long Island City, Queens, New York City
• Market: Long Island City, Queens

Tom Wu of ZD Jasper Realty, the borrower, obtained the loan from CV Capital Funding. The collaboration between the borrower and lender, with the assistance of Adam Hakim, James Murad, and Andrew Ladeluca of Eastern Consolidated, ensured the successful completion of this property transaction.