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1700 Union Boulevard

Nicco Lupo, , , Rob Hinckley, Geoff Goldstein, Michael Gigliotti, Jeffrey (Jeff) Julien and Andrew Scandalios broker a $173,000,000 loan for Mixed Use property. The deal closed 12 months and 21 days ago.

  • Location image 1700 Union Blvd, Bay Shore, NY, USA
  • Loan Value
    image $173,000,000
  • Asset Type image Mixed Use
  • Area image 30,000 SF
  • Parties image8 Brokers,1 Agency
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Nicco Lupo

JLL
  • Deals 4
  • Volume $446,200,000
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  • Deals 4
  • Volume $474,400,000
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  • Deals 6
  • Volume $997,700,000
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Rob Hinckley icon

JLL
  • Deals 26
  • Volume $2,512,800,000
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Geoff Goldstein icon icon

JLL
  • Deals 20
  • Volume $3,210,000,000
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Michael Gigliotti

JLL
  • Deals 11
  • Volume $1,860,000,000
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Jeffrey (Jeff) Julien icon

JLL
  • Deals 21
  • Volume $2,279,900,000
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Andrew Scandalios icon

JLL
  • Deals 29
  • Volume $3,790,000,000
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JLL

Agency
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Comparables: 1700 Union Boulevard

Showing 4 of 13

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Price Icon $183,000,000

  • StatusLOAN, $7320 PPSF
  • Date09/06/22
  • Address114 East 71st Street, New York City, New York 10021, United States
  • Address114 East...
  • AssetMIXED USE
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Price Icon $172,259,000

  • StatusLOAN, $5066 PPSF
  • Date08/04/22
  • Address407 West 206th Street, New York City, New York 10034, United States
  • Address407 West...
  • AssetMIXED USE
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Price Icon $170,000,000

  • StatusLOAN, $536 PPSF
  • Date12/08/21
  • Address606 West 30th Street, Manhattan, New York, NY, USA
  • Address606 West...
  • AssetMIXED USE
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Price Icon $170,000,000

  • StatusLOAN, $567 PPSF
  • Date12/04/21
  • Address122 Fifth Avenue, Flatiron District, New York, NY, USA
  • Address122 Fifth...
  • AssetMIXED USE
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This Deal on Social

LOAN
IMAGE: Kelly Gaines, Andrew Scandalios, Daniel Couglahn, Jeffrey Julien, Robert Coughlan, Michael Gigliotti, James Coughlan, Rob Hinckley & Geoff Goldstein
DATE: 09/15/2021
ADDRESS: 1700 Union Blvd.
MARKET: Bay Shore, LI
ASSET TYPE: Mixed-use development

LENDER: Truist Financial Corporation & @SantanderBankUS
LANDLORD: TRITEC Real Estate Company Inc. (@TRITECRE)
BROKERS: Andrew Scandalios, Rob Hinckley, Jeffrey Julien, Michael Gigliotti, Geoff Goldstein, Kelly Gaines, Jackie Ferrer & Nicco Lupo – @JLL Capital Markets

LOAN AMOUNT: $173,000,000
LOAN TYPE: Construction Loan
LOAN TERMS: 4-year, floating-rate

NOTE: Bay Shore Residences is a new development that will include 334 market-rate units, 84 workforce housing units and 1,650 SF of retail. 17,500 SF space will be reserved for the interior amenity space that will include a fitness center, clubrooms/game-rooms, lounges, dog care facility, & a co-working center. In addition, 30,000SF of exterior amenities, including a swimming pool, barbecue stations, rooftop deck and fire pits will be on offer to residents.

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LOAN
IMAGE: Kelly Gaines, Andrew Scandalios, Daniel Couglahn, Jeffrey Julien, Robert Coughlan, Michael Gigliotti, James Coughlan, Rob Hinckley & Geoff Goldstein
DATE: 09/15/2021
ADDRESS: 1700 Union Blvd.
MARKET: Bay Shore, LI
ASSET TYPE: Mixed-use development

LENDER: Truist Financial Corporation & @SantanderBankUS
LANDLORD: TRITEC Real Estate Company Inc. (@TRITECRE)
BROKERS: Andrew Scandalios, Rob Hinckley, Jeffrey Julien, Michael Gigliotti, Geoff Goldstein, Kelly Gaines, Jackie Ferrer & Nicco Lupo – @JLL Capital Markets

LOAN AMOUNT: $173,000,000
LOAN TYPE: Construction Loan
LOAN TERMS: 4-year, floating-rate

NOTE: Bay Shore Residences is a new development that will include 334 market-rate units, 84 workforce housing units and 1,650 SF of retail. 17,500 SF space will be reserved for the interior amenity space that will include a fitness center, clubrooms/game-rooms, lounges, dog care facility, & a co-working center. In addition, 30,000SF of exterior amenities, including a swimming pool, barbecue stations, rooftop deck and fire pits will be on offer to residents.

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Contact Nicco Lupo

Nicco is a director in the New York office of JLL Capital Markets, Americas. He joined JLL as part of...

Rob is a managing director in the New York office of JLL Capital Markets, Americas. He joined JLL as part...

Geoff is a Managing Director in the New York office of JLL Capital Markets, Americas. He joined JLL as part...

Michael is a Senior Managing Director and co-head of the New York office of JLL Capital Markets, Americas. He joined...

Jeffrey is a managing director in the New York City office of JLL Capital Markets, Americas. He joined JLL as...

Andrew is a Senior Managing Director and co-head of the New York office of JLL Capital Markets, Americas. He joined...

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