Henry Modell & Co Refinances Two Industrial Properties In Astoria Queens For $15M With Lalezarian Properties

The transaction involves two industrial properties located at 34-24 Vernon Boulevard and 34-31 Vernon Boulevard in Astoria, Queens. The properties encompass a total building square footage of 334,552 and a total usable square footage of 135,400. The refinance loan amount for these properties is $15,000,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,000,000
• Address: 34-24 Vernon Boulevard & 34-31 Vernon Boulevard
• Market: Astoria, Queens
• Lender: Kevin Lalezarian & Frank Lalezarian - Lalezarian Properties
• Landlord: Henry Modell & Co
• Loan Type: Refinance

The refinancing of the properties was conducted by Henry Modell & Co., facilitated through a loan from Lalezarian Properties, managed by Kevin Lalezarian and Frank Lalezarian. This transaction highlights the engagement of Lalezarian Properties in providing financing solutions for industrial assets in the Astoria area.