The asset involved in this transaction is a school property located at 63-57 Fresh Pond Road in Ridgewood, Queens. The property features a building size of 36,849 square feet and a building footprint of 39,400 square feet. The lender for this property is Deutsche Bank, and the transaction involved a refinance arrangement.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $10,000,000
• Loan Type: Refinance
• Previous Loan Amount: $2,700,000
• Previous Lender: Flagstar Bank
• Landlord: Steven Sasson
• Agency: ABC Super Stores

This refinance transaction reflects the strategic financial move by Steven Sasson of ABC Super Stores, who opted to replace an existing loan with a larger amount from Deutsche Bank. The purpose of this refinance was to enhance the financial structure of the school-leased property situated on Fresh Pond Road.