Rockrose Development Corporation Refinances Multifamily Property In Long Island City With MetLife - Loan Amounts To $210M | 47-05 Center Boulevard | Kathleen McSharry, Andrew J. "Andy" Singer | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

Located in Long Island City, the multifamily property at 47-05 Center Boulevard was involved in a recent transaction. The deal, which took place on 03/09/2022, included a refinance loan provided by MetLife for a loan amount of $210,000,000. Offering stability, the loan features 15-year fixed-rate terms.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $210,000,000
Address: 47-05 Center Boulevard
Market: Long Island City

Rockrose Development Corporation, led by Richard Brancato, served as the landlord in this transaction. The brokerage services were provided by Andy Singer and Kathleen McSharry from Avison Young.

Players

All
3

Agents
2
Agencies
1

Kathleen McSharry

Senior Director

Andrew J. "Andy" Singer

Principal, Co-Lead of Tri-State Debt & Equity Finance

Avison Young

Details

Deal Summary

FINANCED

IMAGE: Andy Singer, Henry Elghanayan, Justin Elghanayan & Kathleen McSharry DATE: 03/09/2022 ADDRESS: 47-05 Center Boulevard MARKET: Long Island City ASSET TYPE: Multifamily LENDER: MetLife LANDLORD: Rockrose Development Corporation - Richard Brancato BROKERS: Andy Singer & Kathleen McSharry - Avison Young LOAN AMOUNT: $210,000,000 LOAN TYPE: Refinance LOAN TERMS: 15-year, fixed-rate

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Address47-05 Center Boulevard

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