Roey Realty Refinances Multifamily Property In Astoria, Queens For $8.2M At 5.25% Fixed Rate

The multifamily property located in Astoria, Queens has been refinanced through a loan transaction. The property spans approximately 16,000 square feet and is situated in the Astoria market. The loan, facilitated by Esti Broyde from Roey Realty, amounted to $8,200,000. The refinancing loan is of the type and comes with a fixed interest rate of 5.25%. It has a term of 5 years with an earn-out provision once the property is stabilized.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $8,200,000
• Loan Type: Refinance
• Loan Terms: 5.25% fixed rate, 5-year term
• Market: Astoria, Queens
• Asset Size: 16,000 square feet

Leading the transaction was Esti Broyde from Roey Realty, serving as the broker for the deal. Their expertise ensured a successful refinancing of the property in Astoria, Queens.