Abro Management Refinances 121-Unit Multifamily At 109-10 Queens Boulevard For $13.3M

The asset involved in this transaction is a multi-family residential building located at 109-10 Queens Boulevard in Forest Hills, Queens. This property encompasses a total square footage of 87,305 and consists of 121 residential units. Abro Management is the owner of the property, which has undergone refinancing to secure a loan amount of $13,300,000 with J.P. Morgan Chase.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $13,300,000
• Asset Address: 109-10 Queens Boulevard
• Market: Forest Hills, Queens
• Lender: J.P. Morgan Chase
• Landlord: Martin Scharf & Richard Scharf - Abro Management
• Loan Type: Refinance

Key individuals involved in this transaction include Martin Scharf and Richard Scharf, who represent Abro Management as landlords of the property. The refinancing took place specifically for the residential building to optimize its financial structure through the new loan arrangement provided by J.P. Morgan Chase.