Arker Companies Refinances Multifamily Property In Far Rockaway For $78.4M

The multifamily property located at 14-10 New Haven Avenue, 249 Beach 15th Street & 14-03 Heyson Road in Far Rockaway, Queens has undergone a loan refinance transaction. The property consists of 329 units and was refinanced for a loan amount of $78,400,000 by Merchants Capital. The landlord of the property is Arker Companies, represented by Daniel Moritz, Alex Arker, and Allan Arker.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $78,400,000
• Address: 14-10 New Haven Avenue, 249 Beach 15th Street & 14-03 Heyson Road
• Market: Far Rockaway, Queens
• Units: 329
• Lender: Merchants Capital
• Landlord: Arker Companies - Daniel Moritz, Alex Arker & Allan Arker

The loan refinance deal was facilitated by Merchants Capital, a lending institution. The landlord of the property, Arker Companies, was represented by Daniel Moritz, Alex Arker, and Allan Arker in the transaction.