First National Bank Of Long Island Provides $3.05M Cash Out Refinance Loan For 21-Unit Multifamily In Astoria

Located in Astoria, the multifamily property at 23-74 29th Street has recently undergone a closed transaction. Spanning approximately 13,000 square feet, this property consists of 21 units. The transaction took place on 09/02/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,050,000
• Address: 23-74 29th Street
• Market: Astoria
• Square Footage: 13,000
• Units: 21

The loan for this transaction was provided by First National Bank Of Long Island. Dean Katz from KSRealEstateAdvisors represented the buyer as the broker. The loan, valued at $3,050,000, was a cash-out refinance with non-recourse terms.