Joel Teitelbaum And Matt Katz Secure $35 Million Refinancing Loan For Long Island City Multifamily Building

The asset involved in the transaction is a multifamily property located at 26-04 Jackson Avenue, Long Island City, Queens. The residential building consists of 82 units and encompasses a total square footage of 71,667. The refinancing loan secured for this property amounts to $35 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $35,000,000
• Address: 26-04 Jackson Avenue
• Market: Long Island City, Queens
• Units: 82
• Square Footage: 71,667
• Lender: Jacob Nimmer - Amalgamated Bank
• Landlord: Joel Teitelbaum & Matt Katz
• Loan Type: Refinance

Joel Teitelbaum and Matt Katz, through Jackson Holdings NY LLC, are the parties who secured the refinancing loan from Amalgamated Bank for the newly constructed residential building.