Derby Copeland Capital Provides $7.6M Loan To Luxstone Partners For Multifamily Acquisition In Sunnyside

A multifamily building located at 41-48 40th Street in Sunnyside, Queens features an area of 35,000 square feet. The property transaction involved an acquisition loan amounting to $7,600,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,600,000
• Loan Type: Acquisition
• Address: 41-48 40th Street
• Market: Sunnyside
• Lender: Derby Copeland Capital
• Landlord: Luxstone Partners

The transaction was facilitated by Derby Copeland Capital, which closed the loan for the aforementioned multifamily asset. Derby Copeland Management Group, LLC serves as a registered investment adviser in this process.