Harvey M. Schwartz Of Carlyle Group And Ofer Yardeni Of Stonehenge NYC Refinance Long Island City Property For $158.2M

A multifamily property located at 42-20 24th Street in Long Island City, Queens, comprising 391 units was involved in this transaction. The property was refinanced for a total amount of $158,200,000 with a new loan secured from Natixis, replacing a previous loan totaling $179,800,000 from MetLife.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $158,200,000
• Address: 42-20 24th Street
• Market: Long Island City, Queens
• Lender: Natixis
• Landlord: Harvey M. Schwartz - Carlyle Group & Ofer Yardeni - Stonehenge NYC
• Units: 391
• Loan Type: Refinance

The refinance was executed by Harvey M. Schwartz representing Carlyle Group and Ofer Yardeni representing Stonehenge NYC. This transaction involved a strategic move to adjust the financing structure on their valued asset in the competitive Long Island City market.