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MSD Partners Provides $24M Loan For Development Site In Long Island City

24-02 Queens Plaza South
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This Development Site property received a loan of $24,000,000 over 3 years ago. The brokers of the deal were Thomas Pryor, Steven (Steve) Klein, and Christopher (Chris) Peck

A development site located at 24-02 Queens Plaza South in Long Island City has been involved in a recent closed transaction. The property, owned by Botanic Properties and represented by Joshua Zinns, attracted a loan amount of $24,000,000 from MSD Partners, with Michael Dell as the lender.

Summary of transaction details

  • Property Type: Development site
  • Transaction Amount: $24,000,000
  • Address: 24-02 Queens Plaza South
  • Market: Long Island City

The deal was facilitated by brokers Christopher Peck, Steve Klein, and Thomas Pryor from JLL, who represented the parties involved in the transaction.

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Deals
  • Location
    24-02 Queens Plaza S, Long Island City, NY 11101, USA24-02 Queens Plaza S, Long Island City, NY 11101, USA
  • Loan Value
    $24,000,000$24,000,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Thomas Pryor

Thomas Pryor

Deals2
Financed$40M

Steven (Steve) Klein

Steven (Steve) Klein

Deals29
Financed$2.1B

Christopher (Chris) Peck

Christopher (Chris) Peck

Deals36
Financed$5.7B

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

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Deal Summary

LOAN IMAGE: Christopher Peck, Michael Dell & Steve Klein DATE: 09/22/2020 ADDRESS: 24-02 Queens Plaza South MARKET: Long Island City ASSET TYPE: Development site LENDER: MSD Partners – Michael Dell LANDLORD: Botanic Properties – Joshua Zinns LOAN AMOUNT: $24,000,000 BROKERS: Christopher Peck, Steve Klein & Thomas Pryor – JLL

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24-02 Queens Plaza South

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