Charles Berman Of Bedrock Real Estate Partners Secures $21.9 Million Refinancing From Customers Bank For Astoria Theaters

The asset involved in this transaction consists of three properties located at 35-01 37th Street, 35-50 38th Street, and 35-30 38th Street in Astoria, Queens. The special purpose properties encompass a total square footage of 98,810, with a building square footage of 503,225. A refinance loan in the amount of $21,900,000 has been secured for these properties, replacing a previous loan of $25 million issued in 2016 by the same lender.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $21,900,000
• Loan Type: Refinance
• Lender: Customers Bank
• Landlord: Charles Berman - Bedrock Real Estate Partners
• Date: 07/28/2026
• Market: Astoria, Queens

Charles Berman of Bedrock Real Estate Partners is the landlord associated with the refinancing deal, representing the interests of the properties in question. The refinancing transaction updates the financing structure for these theater properties as part of Bedrock’s ongoing management strategy.