Mordechai Schwimmer Secures $34.2 Million Refinance Loan From Berkshire Residential Investments In Astoria

The property asset involved in this transaction is a multi-family building located at 34-16 38th Street in Astoria, Queens. The building features 89 residential units and encompasses a total square footage of 73,687. The landlord of the property is Mordechai Schwimmer, who has engaged in refinancing actions for this asset.

Summary of transaction details:

• Property Type: Multi-Family
• Transaction Amount: $34,200,000
• Address: 34-16 38th Street
• Market: Astoria, Queens
• Units: 89
• Square Footage: 73,687
• Lender: Berkshire Residential Investments
• Loan Type: Refinance

Mordechai Schwimmer refinanced the multi-family building with a loan amount of $34.2 million from Berkshire Residential Investments’ MF1 Capital LLC. This transaction reflects the involvement of a significant lender in the refinancing process, highlighting the financial dynamics of the property ownership.