$60.5M Secured For Preservation Of Ocean Park Apartments In Far Rockaway, Queens
Tredway has begun the rehabilitation of Ocean Park Apartments, a 602-unit affordable housing complex located in Far Rockaway, Queens. Backed by $60.5 million in financing from Merchants Capital, the project aims to preserve long-term affordability for the property and address structural deterioration. The financing includes a balance sheet acquisition loan provided by Merchants Bank. The property is bounded by Seigert Boulevard to the north and Beach 17th and 19th Streets to the east and west.





