Blue Foundry Bank Provides $4.4M Loan For Rockaway Park Multifamily Acquisition

A multifamily property located at 2-23 Beach 101st Street in Rockaway Park has been involved in a recent closed transaction. The property spans a total square footage of 24,075 and consists of 32 units. The transaction was an acquisition, and the loan amount secured for the deal was $4,415,000.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $4,415,000
• Square Footage: 24,075
• Units: 32
• Market: Rockaway Park
• Lender: Blue Foundry Bank
• Landlord: Victor Khalifah
• Broker: Brian Anderson - Progress Capital

Blue Foundry Bank provided the loan for the acquisition of the property. The landlord involved in the transaction is Victor Khalifah. The brokerage firm representing the deal is Progress Capital, with Brian Anderson acting as the broker.