Katz and Treitel of Meridian secure $183.865 million for 22-building portfolio

November 19, 2007 - Financial Digest

1035 Clarkson Avenue - Brooklyn, NY

Abe Katz

Elliot Treitel

Meridian Capital Group recently arranged $183.865 million in financing for the Kings/Queens Portfolio, a collection of 22 multifamily buildings totaling 2,104 units and six commercial spaces in Brooklyn, Queen, and Staten Island. Abe Katz and Elliot Treitel of Meridian's N.J. office negotiated to secure a rate of 5.875% over a seven-year term. The properties include:
* North central Brooklyn: 4411 Church Ave., 665 New York Ave., 250 East 38th St., 425 East 96th St., 950 Rutland Rd., 450 Rockaway Pwy., 1035 Clarkson Ave.,1115 Willmohr St. and 333 East 92nd St.
* South central Brooklyn: 2425 Nostrand Ave., 3900 Kings Hwy., 2401 Nostrand Ave., 1145 East 35th St., 2021 East 41st St. and 3502 Kings Hwy.
* Queens - Far Rockaway: 22-04 Collier Ave., 631 Beach 9th St., 22-11 New Haven Ave., 701 Beach 9th St. and 407 Beach20th St.
*Staten Island: 2862 Hylan Blvd.
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