Developer Silverstein Properties and affiliates of financial services firm Cantor Fitzgerald have landed a $165 million construction loan for a 354-unit apartment property in New York’s Astoria neighborhood. The area in the New York City borough of Queens is within a few subway stops of Manhattan and has what CoStar data shows as a record-low vacancy rate.
Queens Residential Project Lands $165 Million Construction Loan
Silverstein, Cantor Fitzgerald Affiliates Are Investors in Area With Record-Low Vacancy Rate
By Andria Cheng
CoStar News
March 1, 2023 | 11:25 P.M.
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IN THIS ARTICLE
- Properties
- Hearthstone
44-01 Northern Blvd, Long Island City, NY
- Companies
- Silverstein Properties
Construction
- Cantor
Finance and Insurance