Updated Aug 7, 2026
Lions Group And Fetner Properties Secure $111.25 Million Bridge Loan From PGIM Real Estate
27-01 Jackson Avenue
$111,000,000
Units
114
Asset Type
MultiFamily
Closing
Feb 26, 2026
About this deal
AI
The Bold is a multifamily property located at 27-01 Jackson Avenue in Long Island City, Queens, featuring a total of 164 units. The property secured a bridge loan amounting to $111,250,000, facilitating its financial structuring in the current real estate market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $111,250,000
- Asset Address: 27-01 Jackson Avenue
- Market: Long Island City, Queens
- Lender: PGIM Real Estate
- Landlord: Lions Group & Fetner Properties
- Brokers: Christopher Peck, Nicco Lupo, Michael Shmuely & Alex Staikos - JLL
- Loan Type: Bridge
The transaction involved key representatives including Christopher Peck, Nicco Lupo, Michael Shmuely, and Alex Staikos, who acted as brokers under JLL, overseeing the negotiation and arrangement of the loan for the landlords, Lions Group and Fetner Properties.
On the Map
$111,000,000
MultiFamily
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Players
Long Island City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93