RJ Capital Holdings Refinances Development Site In Forest Hills For $18M Loan From Valley National Bank

A development site located at 70-28 Grand Central Parkway in Forest Hills has been refinanced for $18,000,000. The property, with a total square footage (BSF) of 161,910, was previously owned by RJ Capital Holdings.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $18,000,000
• Address: 70-28 Grand Central Parkway, Forest Hills
• Market: Forest Hills
• BSF: 161,910
• Lender: Valley National Bank
• Landlord: RJ Capital Holdings
• Loan Type: Refinance

Valley National Bank provided the refinancing for this development site. RJ Capital Holdings, the previous owner, agreed to the loan amount of $18,000,000. The property is situated in the Forest Hills market and spans a total of 161,910 square feet.