Ciampa refis $33.2M with Capital One for 255 units in Queens

Ciampa Organization refinanced $33.2 million with Capital One for 255 units in Queens in two separate transactions.

In the first, Ciampa Organization through the entity Ciampa Bell LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $22.5 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 152 residential units at 16-70 Bell Boulevard in Bayside. The deal closed on March 24, 2021 and was recorded on April 14, 2021.
The property contains a total of 147,700 square feet of built space.
The average loan per unit is $148,026.

Direct link to Acris document. link

In the second, Ciampa Organization through the entity 13981 LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $10.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 103 residential units at 139-81 35th Avenue in Flushing. The deal closed on March 24, 2021 and was recorded on April 14, 2021.
The property contains a total of 78,474 square feet of built space.
The average loan per unit is $103,398.
The last time the property sold was April 3, 2013 for $14,530,000.
Direct link to Acris document. link