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$18 Million Mezzanine Loan Provided For 24-01 Queens Plaza North In Long Island City, Queens

Naftali Credit Partners, a subsidiary of Naftali Group, has closed on an $18 million mezzanine loan for 24-01 Queens Plaza North, a new residential project in Long Island City, Queens. The loan is one of two recent mezzanine loans issued by Naftali Credit Partners, totaling $31.4 million combined, and was issued to the project’s developer, New Empire.
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26-04 Jackson Avenue Wraps Up Construction in Long Island City, Queens

Construction is coming to a close on 26-04 Jackson Avenue, a 14-story residential building in Long Island City, Queens. Designed by Kao Hwa Lee Architects and developed by CW Realty, the 149-foot-tall structure will span 58,222 square feet and yield 82 rental units with an average scope of 710 square feet, as well as ground-floor retail space and a cellar level. Jackson Holdings NY LLC is listed as the owner of the property, which is located at the corner of Jackson Avenue and 44th Drive.

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The Delecor Closes in on Completion at 250 East 83rd Street on Manhattan’s Upper East Side

Construction is on the verge of completion on The Delecor, a 31-story residential tower at 250 East 83rd Street in the Yorkville section of Manhattan’s Upper East Side. Designed by SLCE Architects and developed by The Torkian Group, the 370-foot-tall structure will span 215,608 square feet and yield 128 rental units in one- to four-bedroom layouts, a collection of penthouses, and ground-floor retail space. The property is located at the corner of Second Avenue and East 83rd Street.

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