Robert Khodadadian – Commercial Observer

The Arker Companies has inked a $78.4 million debt package to refinance a multifamily asset in Far Rockaway, Queens, property records show.

Merchants Capital provided the loan for Arker’s six-story, 149-unit building on 14-10 New Haven Avenue. Arker will utilize proceeds from the financing for funding repairs and renovations to the 1974-built property.

Led by Daniel Moritz, Arker Companies specializes in affordable housing developments, owning more than 10,000 workforce units in Queens and Brooklyn. One of the Long Island-based developers signature recent projects is the 11-building Edgemere Commons mixed-use development at the site of the former Peninsula Hospital in Far Rockaway, which broke ground in June and will feature 2,050 mixed-income housing units.

Officials at Merchants Capital and Arker Companies did not immediately return requests for comment.

Andrew Coen can be reached at acoen@commercialobserver.com

 

The Arker Companies has inked a $78.4 million debt package to refinance a multifamily asset in Far Rockaway, Queens, property records show. Merchants Capital provided the loan for Arker’s six-story, 149-unit building on 14-10 New Haven Avenue. Arker will utilize proceeds from the financing for funding repairs and renovations to the 1974-built property. Led byRead MoreChannel, Finance, Refinance, daniel moritz, Merchants Capital, The Arker Companies  Commercial Observer Read More 

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.

Robert Khodadadian, properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, Commercial Observer, Retail For Lease, Commercial Observer,

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