Flushing Bank Provides $21.75M Loan For Multifamily Property In Douglaston

The multifamily property located at 241-15 Northern Boulevard in Douglaston has been involved in a recent loan transaction. The loan amount of $21,750,000 was provided by Flushing Bank. The property spans across 56,539 square feet and consists of 54 units. The landlord of the property is Frank Russo.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $21,750,000
• Square Footage: 56,539
• Units: 54
• Lender: Flushing Bank
• Landlord: Frank Russo

This loan transaction was facilitated by Flushing Bank, representing the financial aspect of the deal. Frank Russo, as the landlord, played a key role in the transaction. Together, they successfully secured the funding for the multifamily property.