Fannie Mae Provides $28.4M Agency Loan For Multifamily Property In Sunnyside, Queens | 48-16 47th Street | Fannie Mae | John Flynn, Michael Zaremski, Michael Shmuely, Steven (Steve) Klein | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

230,000 sqft

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.

Players

All
6

Agents
4
Agencies
1
Lenders
1

$40M Sold

Details

Deal Summary

FINANCED

IMAGE: Steven Klein, Michael Shmuely, Michael Zaremski & John Flynn DATE: 09/27/2023 ADDRESS: 48-16 47th Street MARKET: Sunnyside, Queens ASSET TYPE: Multifamily ~ SF: 230,000 ~ UNITS: 468 LENDER: Fannie Mae (@OfficialFannieMae) BROKERS: Steven Klein, Michael Shmuely (@MShmu), Michael Zaremski & John Flynn - JLL (@JLL) LOAN AMOUNT: $28,364,000 LOAN TYPE: Agency

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Address48-16 47th Street

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