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Mizuho Provides $289.5 Million Acquisition Loan For Retail Asset In Flushing, New York

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FINANCED
$289,500,000
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 3

New York

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Retail550,000 SF
Financed
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FINANCED

Mizuho Provides $289.5 Million Acquisition Loan For Retail Asset In Flushing, New York

40 24 College Point Boulevard

See Similar Deals
Retail550,000 SF
Financed
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 3
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$526
Total Square Footage:550000 SF
Transaction Type:Loan

The property asset involved in the transaction is located at 40-24 College Point Boulevard in Flushing, classified as retail, with a total square footage of 550,000. The loan amount obtained for this acquisition is $289,500,000.

Summary of transaction details:

Key individuals and entities involved in this transaction include Masahiro Kihara representing the lender, while Ken Bernstein and Jon Winkelried serve as the landlords. The transaction was facilitated through representatives from Newmark, which includes Jordan Roeschlaub, Nick Scribani, John Caraviello, and Tim Polglase.

Players

Nick Scribani
191 deals$52.4B volume(212) 372-2113
BROKER

Tim Polglase
Newmark
8 deals$2.9B volume
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$95.7B volume
BROKER

John Caraviello
Newmark
21 deals$10.7B volume
BROKER

Newmark
BROKERAGE



Ken Bernstein
Acadia Realty Trust
4 deals$96.2M volume
LANDLORD

Details

FINANCED
IMAGE: Jordan Roeschlaub, Nick Scribani, Ken Bernstein, Masahiro Kihara, Jon Winkelried, Tim Polglase & John Caraviello DATE: 1/9/2026 ADDRESS: 40-24 College Point Boulevard MARKET: Flushing ASSET TYPE: Retail ~ SF: 550,000 LENDER: Masahiro Kihara - Mizuho LANDLORD: Ken Bernstein - Acadia Realty & Jon Winkelried - TPG LANDLORD'S REP: Jordan Roeschlaub (@JordyRoeschlaub), Nick Scribani (@ScribSays), John Caraviello & Tim Polglase - Newmark (@Newmark) LOAN AMOUNT: $289,500,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$289,500,000.00

Monthly NOI$1,930,000.00
Monthly Debt Service$1,829,836.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00