Sun Equity Partners And The Heskel Group Acquire Retail Property In Queens For $73M
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This Retail property located in NY received a loan of $73,000,000 over 3 years ago. The brokers of the deal were Alex Bailkin, Morris Betesh, and Justin Boruchov
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- Location40-31 82nd Street
- Loan Value$73,000,000
- Asset TypeRetail
- Parties3 Brokers, 1 Agency, 1 Lender
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Deal Summary
LOAN
IMAGE: Justin Boruchov, Morris Betesh & Alex Bailkin
DATE: 12/08/2020
ADDRESS: 40-31 82nd Street (The Shoppes at 82nd Street)
MARKET: Queens
ASSET TYPE: Retail
LENDER: NYCB (debt) & REIT (preferred equity)
LANDLORD: Sun Equity Partners & The Heskel Group
BROKERS: Morris Betesh, Justin Boruchov & Alex Bailkin - Meridian Capital Group
LOAN AMOUNT: $73,000,000
LOAN TERMS: $59MM Debt, $14MM Preferred Equity
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40-31 82nd Street
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