Updated Feb 4, 2026
World Wide Group & Rabina Secures $160.25 Million Refinance Loan From KKR Real Estate In Long Island City
41 42 24th Street
$160,250,000
Units
421
Asset Type
MultiFamily
Closing
Dec 30, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 41-42 24th Street in the Long Island City market. The asset comprises a total of 421 units and has secured a refinance loan amounting to $160,250,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $160,250,000
- Lender: KKR Real Estate
- Landlord: World Wide Group & Rabina
- Brokers: Christopher Peck, Lauren Kaufman & Michael Shmuely - JLL
- Loan Type: Refinance
Key individuals involved in this deal include Christopher Peck, Lauren Kaufman, and Michael Shmuely, who are the brokers representing the landlords World Wide Group and Rabina during this transaction.
On the Map
$160,250,000
MultiFamily
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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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93