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Deutsche Bank Provides $75M Loan For Office Property In Long Island City

47-11 Austell Place
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This Office property located in NY received a loan of $75,000,000 over 5 years ago. The broker of the deal was Dustin Stolly

The recently closed property transaction in Long Island City involved an office asset located at 47-11 Austell Place. The property spans approximately 138,000 square feet, and it was the subject of a loan. The loan amount secured for this transaction was $75,000,000. Deutsche Bank provided the loan for this deal.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $75,000,000
  • Address: 47-11 Austell Place
  • Market: Long Island City
  • Lender: Deutsche Bank

Jordan Roeschlaub and Dustin Stolly from NewmarkKF represented the parties involved in this transaction as brokers.

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Deals
  • Location
    47-11 Austell Place, Long Island City, NY, USA47-11 Austell Place, Long Island City, NY, USA
  • Loan Value
    $75,000,000$75,000,000
  • Asset Type
    OfficeOffice
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Deutsche Bank

Deutsche Bank

Lender
Deals117
Volume$ 2.7T

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Deal Summary

LOAN IMAGE: Jordan Roeschlaub, Dustin Stolly, Travis Feehan and Christian Sewing DATE: 12/07/2018 ADDRESS: 47-11 Austell Place MARKET: Long Island City ASSET TYPE: Office SF: 138,000 LENDER: Deutsche Bank LANDLORD: Normandy Real Estate Partners & Drake Street BROKERS: Jordan Roeschlaub and Dustin Stolly @NewmarkKF LOAN AMOUNT: $75,000,000

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47-11 Austell Place

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