41st avenue

41st avenue

Location:

New York

Location:

New York

Area:

36,714 Net Sellable SF | 7,233 Rentable SF

Area:

36,714 Net Sellable SF | 7,233 Rentable SF

Year:

2023 - Closed by the principals of ArrowREA

Year:

2023 - Closed by the principals of ArrowREA

Type:

Mixed-Use

Type:

Mixed-Use

Tall modern skyscraper with vertical lines, viewed against a clear blue sky.

Project Overview

Project Overview

Project Overview

Location

Long Island City, NY

Location

Long Island City, NY

Number of Units

42 Residential Units

Number of Units

42 Residential Units

Loan Amount

$27,000,000

Loan Amount

$27,000,000

Asset Type

Mixed-Use Condominium

Asset Type

Mixed-Use Condominium

Transaction Challenges:

» Identifying and verifying sufficient, comparable condominium sellout data in the Dutch Kills neighborhood of Long Island City.

Transaction Challenges:

» Identifying and verifying sufficient, comparable condominium sellout data in the Dutch Kills neighborhood of Long Island City.

ArrowREA Solution:

» The Arrow REA team successfully navigated a volatile lending environment by introducing a new lender relationship to a premier developer with extensive construction expertise.

ArrowREA Solution:

» The Arrow REA team successfully navigated a volatile lending environment by introducing a new lender relationship to a premier developer with extensive construction expertise.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.