Fannie Mae Provides $28.4M Agency Loan For Multifamily Property In Sunnyside, Queens

A multifamily property in Sunnyside, Queens has recently been involved in a loan transaction. The property is located at 48-16 47th Street and has a total square footage of 230,000. It consists of 468 units, making it a sizable and promising investment opportunity in the area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,364,000
• Lender: Fannie Mae
• Brokers: Steven Klein, Michael Shmuely, Michael Zaremski & John Flynn - JLL

Fannie Mae provided the loan for the transaction, which is categorized as an agency loan. The involvement of Steven Klein, Michael Shmuely, Michael Zaremski, and John Flynn from JLL as brokers highlights the expertise brought into the deal, ensuring a smooth and successful transaction.