Citi Bank Provides $24.5 Million Acquisition Loan For Retail Asset In Flushing

The property asset involved in this transaction is a retail space located at 39-09 Main Street in Flushing, with a total square footage of 17,000. The loan amount for this acquisition is $24,500,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,500,000
• Lender: Citi Bank
• Landlord: Premier Equities - Yaron Jacobi
• Broker: Cary Pollack - Meridian Capital Group
• Date of Transaction: 01/27/2025

The key individuals involved in this deal include Yaron Jacobi, representing Premier Equities, and Cary Pollack from Meridian Capital Group, who acted as the broker for this transaction. The collaboration facilitated the acquisition process in the Flushing market.