Chase Bank Refinances Multifamily Property In Astoria, Queens For $12.4M

Located in Astoria, Queens, the property at 31-10 23rd St. & 21-28 31st Ave. recently underwent a closed transaction. The multifamily asset, with a total square footage of 28,500, was involved in a refinancing deal. The loan was provided by Chase Bank for an amount of $12,385,000. The landlord, Robert Kahn, completed the transaction with the assistance of broker Yaniv Cohen from Leviathan Capital.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $12,385,000
• Address: 31-10 23rd St. & 21-28 31st Ave.
• Market: Astoria, Queens
• Square Footage: 28,500
• Lender: Chase Bank
• Landlord: Robert Kahn
• Broker: Yaniv Cohen - Leviathan Capital

In this transaction, Robert Kahn acted as the landlord and enlisted the services of Yaniv Cohen from Leviathan Capital as the broker representative. The refinancing deal involved a loan from Chase Bank, allowing for the continuation of the property's multifamily use in Astoria, Queens.