Updated Sep 11, 2026
Guardian Realty Secures $42.5M Refinancing Loan For Office & Industrial Complex In Rosedale, Queens
133-33 Brookville Blvd, Rosedale, NY 11422, USA
$42,500,000
$163/SF
Building Size
260,000 SF
Asset Type
MultiFamily
Closing
May 2, 2023
About this deal
AI
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.
On the Map
$42,500,000
$163/SF
MultiFamily
View full map
Players
Queens MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Chaim Simkowitz to view all their deals.
Browse Queens multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93