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

The property asset involved is a multifamily building located at 2-23 Beach 101st Street in Rockaway Park. It has a total square footage of 24,075 and consists of 32 units. The acquisition loan amount granted for this property is $4,415,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,415,000
• Loan Type: Acquisition
• Lender: Blue Foundry Bank
• Landlord: Victor Khalifah
• Broker: Brian Anderson - Progress Capital

Key individuals involved in this transaction include Victor Khalifah, the landlord, and Brian Anderson, who represented Progress Capital as the broker. The lender for this deal is Blue Foundry Bank.