Jeffrey Libert Of Forest Properties Refinances 117-Unit Multifamily At 26-38 21st Street For $26.3M

A 117-unit residential building located at 26-38 21st Street in Astoria, Queens, encompasses a total of 127,338 square feet. The property was refinanced with a loan amounting to $26,300,000, replacing a previous loan of $35,500,000 from Capital One.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,300,000
• Address: 26-38 21st Street
• Market: Astoria, Queens
• Lender: James Flynn - Lument
• Landlord: Jeffrey Libert - Forest Properties
• Loan Type: Refinance

James Flynn represented Lument in this transaction, and the landlord, Jeffrey Libert, is associated with Forest Properties. The refinancing decision reflects a strategic financial move for the ownership of the property.