Arbor Realty Trust Provides $98M Loan For Long Island City Multifamily Acquisition By The Rabsky Group

The multifamily property located at 42-22 27th Street in Long Island City has been involved in a recent transaction. The property spans over 141,077 square feet and consists of 195 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $98,000,000
• Address: 42-22 27th Street
• Market: Long Island City
• Loan Amount: $98,000,000
• Lender: Arbor Realty Trust
• Landlord: The Rabsky Group

Arbor Realty Trust served as the lender in this transaction, providing a loan amount of $98,000,000. The Rabsky Group, acting as the landlord, engaged in the deal.