FINANCED
Bank OZK Provides $29M Construction Loan For 188-11 Hillside Ave Devsite In Jamaica Estates, Queens
188-11 Hillside Avenue
Development Site
18,786 SF
18,786 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Development Site
18,786 sqft
A construction loan in the amount of $29,000,000 has been acquired for a development site located at 188-11 Hillside Avenue in Jamaica Estates, Queens. The property, owned by Piermont Properties, is a devsite with a total gross square footage of 120,905, including 19,655 square feet dedicated to office space. The asset consists of 101 residential units.
Summary of transaction details
- Property Type: Devsite
- Transaction Amount: $29,000,000
- Address: 188-11 Hillside Avenue
- Market: Jamaica Estates, Queens
- Gross Square Footage: 120,905
- Office Square Footage: 19,655
- Units: 101 (Residential)
The construction loan was secured from Bank OZK by the brokers representing the transaction, Adam Hakim, James Murad, and Andrew Iadeluca from Meridian Capital Group.
Players
Details
FINANCED
IMAGE: Adam Hakim, James Murad, Andrew Iadeluca
DATE: 5/22/2020
ADDRESS: 188-11 Hillside Avenue
MARKET: Jamaica Estates, Queens
ASSET TYPE: Devsite
LOAN TYPE: Construction loan
LOAN AMOUNT: $29,000,000
GROSS SF: 120,905
OFFICE SF: 19,655
UNITS: 101 (Residential)
LENDER: Bank OZK
LANDLORD: Piermont Properties
BROKERS: Adam Hakim, James Murad, Andrew Iadeluca @Meridian.Capital.GroupView on map
Loading...
Address188-11 Hillside Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want