
Queens, NY Kevin Coscia of Largo Capital, Inc. secured financing for a 22,354 s/f neighborhood retail property. The five-year, fixed-rate loan will be amortized for 25 years. Proceeds from the loan will be used for tenant improvements in the lower unit, preparing the space for future retail use. Located on the south block of Jamaica Avenue between 165th Street and Guy R Brewer Boulevard, the property benefits from a strong retail presence, with numerous national and regional retailers. This prime location enhances the property's appeal to potential tenants
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,