Dominick Ciampa Of Ciampa Organization Refinances Multifamily Building In Flushing For $22M

The property asset involved in this transaction is a multifamily building located at 140-16 34th Avenue in Flushing, Queens, encompassing a total square footage of 158,456. The transaction was a refinancing deal, amounting to $22,000,000 from Capital One, which effectively doubled the previous debt of $11,000,000 on the property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,000,000
• Lender: Capital One
• Landlord: Dominick Ciampa - Ciampa Organization
• Loan Type: Refinance
• Units: 151

This transaction involved key individuals including Dominick Ciampa, who represents the Ciampa Organization as the landlord. The refinancing facilitated through Capital One indicates a strategic financial maneuver for managing the asset's debt obligations.