Rockrose Development Corporation Refinances Multifamily Property In Long Island City With MetLife - Loan Amounts To $210M

Located in Long Island City, the multifamily property at 47-05 Center Boulevard was involved in a recent transaction. The deal, which took place on 03/09/2022, included a refinance loan provided by MetLife for a loan amount of $210,000,000. Offering stability, the loan features 15-year fixed-rate terms.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $210,000,000
• Address: 47-05 Center Boulevard
• Market: Long Island City

Rockrose Development Corporation, led by Richard Brancato, served as the landlord in this transaction. The brokerage services were provided by Andy Singer and Kathleen McSharry from Avison Young.