Top Rock Holdings Refinances 63,897 SF Office Building At 139-30 Queens Boulevard For $16M

The asset involved in this transaction is a 63,897-square-foot office building located at 139-30 Queens Boulevard in Briarwood, Queens. The property has been refinanced with a loan amount of $16,000,000, replacing prior debt of $13.1 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $16,000,000
• Lender: Robert Schwartz & Joshua Crane - S3 Capital
• Landlord: Uri Mermelstein - Top Rock Holdings
• Prior Debt: $13,100,000 from Golden Bridge Funding

This refinancing deal highlights the participation of lenders Robert Schwartz and Joshua Crane from S3 Capital who provided the new loan. Uri Mermelstein, representing Top Rock Holdings, is the landlord managing the office building at the specified address. This transaction reflects a strategic financial move by Top Rock Holdings to improve their debt position.