Bruman Realty Secures $41M Loan For Astoria Multifamily With Citibank

The multifamily property located at 26-30 4th Street in Astoria, Queens, consisting of 99 units, secured a $41 million loan. The loan was provided by Citibank's Citi Real Estate Funding Inc, with Bruman Realty being the landlord of the asset.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,000,000
• Address: 26-30 4th Street
• Market: Astoria, Queens
• Lender: Citibank
• Landlord: Abe Mandel - Bruman Realty

Bruman Realty, represented by 4th Street Developments LLC, successfully secured the $41 million loan from Citibank's Citi Real Estate Funding Inc for the 99-unit building. Abe Mandel, the landlord of the property, played a key role in the transaction, ensuring the financing for the asset located in Astoria, Queens.