The Chetrit Group Acquires Multifamily Property In Queens For $200M

The multifamily property located at 150-13 89th Avenue in Queens has been sold in a closed transaction. The property consists of 481 units and the deal was facilitated by Henry Bodek of Galaxy Capital Group.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $200,000,000
• Lender: Square Mile Capital
• Landlord: The Chetrit Group
• Brokers: Henry Bodek - Galaxy Capital Group

The Chetrit Group acted as the landlord in this transaction. The loan amount provided by Square Mile Capital was $200,000,000. Henry Bodek, representing Galaxy Capital Group, played a key role in facilitating the deal. This transaction highlights the ongoing investment and activity in the Queens market.