Rubin Schron's Co-op In Queens Secures $29.3M Loan From NewPoint Real Estate Capital

Rubin Schron, through his company Cammeby’s International Group, has obtained a loan for the co-op properties located at 71-27 147th Street and 71-01 150th Street in Queens. The loan was provided by NewPoint Real Estate Capital for an amount of $29,300,000. The properties have a total square footage of 184,592 and consist of 200 units.

Summary of transaction details

• Property Type: Co-op
• Transaction Amount: $29,300,000
• Market: Queens
• Address: 71-27 147th Street & 71-01 150th Street
• Lender: NewPoint Real Estate Capital
• Landlord: Rubin Schron - Cammeby’s International Group
• Square Footage: 184,592
• Units: 200

Rubin Schron, representing Cammeby’s International Group, successfully secured the loan for these co-op properties in Queens. This transaction highlights the involvement of NewPoint Real Estate Capital as the lender in supporting the acquisition and operation of these properties. This deal further solidifies Schron's presence in the real estate market as a key player in the Queens area.