Preferred Bank Provides $48.2M Loan For Multifamily Building In Long Island City

45-30 Pearson Street, Long Island City, NY, USA

$48,230,000

$38,584/SF

Building Size

1,250 SF

Asset Type

MultiFamily

Closing

May 18, 2020

AI

A multifamily property located at 45-30 Pearson Street in Long Island City has recently been involved in a closed transaction. The property consists of 130 units and is owned by Ascent Development, represented by Tien Vominh, a broker with the buyer. The transaction took place on 05/18/2021.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $48,230,000
Address: 45-30 Pearson Street
Market: Long Island City
Units: 130

Preferred Bank provided a loan of $48,230,000 for the transaction. Tien Vominh, from Ascent Development, served as the landlord's representative in the deal.

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