Signature Bank Provides $180M Loan For Multifamily Properties In Flushing And Bronx

75-25 153rd Street, 5530 Netherland Avenue & 5535 Netherland Avenue

MultiFamily

776,383 SF

Financed 1 year ago

Summary

Loan

NEW YORK

MultiFamily

776,383 sqft

The recently closed property transaction involves a multifamily asset located at 75-25 153rd Street, 5530 Netherland Avenue, and 5535 Netherland Avenue. Situated in the Flushing area of the Bronx, this property offers a total of 826 units spread across a space of 776,383 square feet.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $180,000,000
Lender: Signature Bank
Landlord: AE Real Estate Holdings

Signature Bank provided a loan amount of $180,000,000 for this multifamily property transaction. AE Real Estate Holdings serves as the landlord for the property deal.

Players

All
1

Lenders
1

Signature Bank

Details

Deal Summary

FINANCED

IMAGE: Joseph J. DePaolo & Douglas Eisenberg DATE: 03/04/2021 ADDRESS: 75-25 153rd Street, 5530 Netherland Avenue & 5535 Netherland Avenue MARKET: Flushing, Bronx ASSET TYPE: Multifamily LENDER: Signature Bank LANDLORD: AE Real Estate Holdings LOAN AMOUNT: $180,000,000 SF: 776,383 UNITS: 826

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Address75-25 153rd Street, 5530 Netherland Avenue & 5535 Netherland Avenue

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