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Massey Knakal Realty Services is pleased to offer the sale of the Amended and Restated Acquisition Loan Note, the Amended and Restated Project Loan Note, Restated Project Loan Note, and the Building Loan Note for a development project which was underway in Astoria, Queens.

The collateral project is located on the blockfront along the northeast side of 20th Avenue extending to the southeast side of 38th Street and the northwest side of Steinway Street. The project, is roughly half complete and was slated for 72 condo units, parking, and retail.

The loans are non-performing, as a maturity default has occurred. This offering is being sold on an all cash, as is basis, without recourse, representation or warranty of any kind, express or implied.

For more information on the acquisition of these loans, please fill out and execute the attached Confidentiality and Indemnification Agreement.

Click here for listing details.

Neighborhoods: Astoria