114-05 170th Street – Finance – $7,500,000

Berko & Associates President Joe Berko, in tandem with the Finance & Capital Markets Group Managing Director Michael Korine, have successfully closed on the financing for 114-05 170th Street. The property is a fully stabilized 77-unit elevator multi-family building in the St. Albans neighborhood of Central Queens. The permanent financing was procured at an LTV of 75% and an interest rate of 3.75% for a 7-year term.