12-01 44th Avenue

Location: Long Island City, NY
Type: Office
Price: $10,750,000

SMC has provided a $10,750,000 ten-year fixed rate mortgage for the refinance of a two-story office property located in Long Island City, NY. The Subject was initially developed and operated for industrial use but recently underwent major renovations as part of a conversion to single tenant office use. SMC’s 10-Year low leverage loan featured full-term interest only payments.