Ampiera Group Secures $28M Construction Loan For 63-Unit Development In Sunnyside, Queens

Alex Lau's Ampiera Group, represented by 4502 Sunnyside LLC, has secured a $28 million new construction loan from Ponce Bank for a 63-unit development at 45-02 Queens Boulevard in Sunnyside, Queens. The development site, with a building square footage (BSF) of 57,771, is located in the Sunnyside market of Queens.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $28,000,000
• Address: 45-02 Queens Boulevard
• Market: Sunnyside, Queens
• Lender: Ponce Bank - Steven A. Tsavaris
• Landlord: Ampiera Group - Alex Lau

The loan, provided by Ponce Bank and facilitated by Steven A. Tsavaris, will support the construction of a 63-unit development at 45-02 Queens Boulevard. The Ampiera Group, led by Alex Lau, has successfully secured the financing for this project, which is located in the Sunnyside market of Queens.