facebook
Traded Co logo
Submit
Daily limit: 0/10

Guardian Realty Secures $42.5M Refinancing Loan For Office & Industrial Complex In Rosedale, Queens

Property Image
FINANCED
$42,500,000

New York

See Similar Deals
MultiFamily260,000 SF
Financed 05/02/2023
the dealplayerscompscontact
Property Image
FINANCED

Guardian Realty Secures $42.5M Refinancing Loan For Office & Industrial Complex In Rosedale, Queens

133-33 Brookville Blvd, Rosedale, NY 11422, USA

See Similar Deals
MultiFamily260,000 SF
Financed 05/02/2023
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$163
Total Square Footage:260,000 SF
Transaction Type:Loan

Guardian Realty has secured a refinancing loan of $42.5 million from the Bank of Montreal for an office complex located in Rosedale, Queens. The complex consists of an office building at 133-33 Brookville Boulevard and an industrial parcel at 242-34 133rd Avenue. The total square footage of the office and industrial space is 260,000 square feet.

Summary of transaction details

  • Property Type: Office & Industrial
  • Transaction Amount: $42,500,000
  • Address: 133-33 Brookville Boulevard & 242-34 133rd Avenue
  • Market: Rosedale, Queens

The loan was facilitated by Michael Birajiclian from the Bank of Montreal, who served as the lender in this transaction. Chaim Simkowitz, representing Guardian Realty, acted as the landlord. The refinancing loan provides Guardian Realty with the necessary funds to continue operating and improving the office complex in Rosedale, Queens.

Players

Bank of Montreal (BOM)
Bank of Montreal (BOM)
LENDER
CS
Chaim Simkowitz
5 deals$76.1M volume
LANDLORD

Details

FINANCED
IMAGE: 05/02/2023 ADDRESS: 133-33 Brookville Boulevard & 242-34 133rd Avenue MARKET: Rosedale, Queens ASSET TYPE: Office & Industrial ~ SF: 260,000 LENDER: Bank of Montreal - Michael Birajiclian LANDLORD: Guardian Realty (@Guardian_Realty) - Chaim Simkowitz LOAN AMOUNT: $42,500,000 LOAN TYPE: Refinance NOTE: Guardian Realty secured a refinancing loan of $42.5 million from the Bank of Montreal for an office complex consisting of the office building at 133-33 Brookville Boulevard and the industrial parcel at 242-34 133rd Avenue in Rosedale, Queens.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$42,500,000.00

Monthly NOI$283,333.33
Monthly Debt Service$268,628.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00