Meridian Capital Arranges $160M for Moinian Group

Meridian Capital Group negotiates a $160 million loan for the refinance of two mixed-use properties; and GFI sells walkups in Elmhurst, N.Y., for $5.2 million.

New York—Meridian Capital Group negotiated a $160 million loan for the refinance of two adjacent mixed-use properties located in New York on behalf of The Moinian Group.

The five-year loan was provided by a balance sheet lender and terms were negotiated by Meridian Capital Group Senior Managing Director Drew Anderman, who is based in the Company’s New York City headquarters.

The property, located at 90 and 110 John Street, is split in to two mixed-use condominiums. The first is a 29-story building with 221 luxury residential units and 121,000 square feet of office and retail space. The second is a four-story condominium totaling 66,000 square feet of office, retail and garage space, as well as 150,000 square feet of additional air rights.

GFI sells walkups in Elmhurst, N.Y., for $5.2M

New York—GFI Realty Services Inc. announced the sale of 93-11, 93-13 & 93-15 Lamont Avenue, three contiguous four-story walk-up apartment buildings located in the Elmhurst section of  Queens for $5.2 million or $226k per unit. The multifamily properties consist of a total of 23 apartments. The buildings were constructed in 2007.

Regev Hamamy, an associate of GFI Realty Services, represented the seller and Kobi Zamir also of GFI represented the buyer. The buyer and seller are both local investors.

The property is located in close proximity to Roosevelt Avenue, a major commercial corridor and the 7 train.