Joshua Zamir Of Capstone Equities Acquires $95 Million Loan Secured By Garden City Plaza For $51 Million

The asset involved in the transaction is a nonperforming loan secured by Garden City Plaza, a four-building office complex located at 100-400 Garden City Plaza in Garden City, New York. The sale price for this loan was $51,000,000, and it pertains to a total square footage of 600,000, leading to a price per square foot of $85.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $51,000,000
• Buyer: Joshua Zamir - Capstone Equities
• Seller: Bank of America
• Square Footage: 600,000
• Address: 100-400 Garden City Plaza
• Market: Garden City
• PPSF: $85

Joshua Zamir, representing Capstone Equities, was the key individual in this acquisition, purchasing the loan from Bank of America. The loan amount secured for this transaction was $95 million, indicating the complexities involved in acquiring nonperforming assets.