Hampton Court Co-op in Kew Gardens refinances with $17M from Cantor Commercial

The Hampton Court co-op through the entity Hampton Court Owners Corp. as borrower signed a loan agreement with lender Cantor Commercial Real Estate Lending, L.P. valued at $17.0 million for 2 parcels, including the tax class cooperative (D4) and containing 320 residential units at 107-01 Park Lane South, 117-01 Metropolitan Avenue in Kew Gardens. The deal closed on December 12, 2019 and was recorded on December 23, 2019.
The property contains a total of 209,844 square feet of built space.
The average loan per unit is $53,125.
The cooperative increased its debt from the $15.2 million provided in 2015 by Astoria Bank.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $91,145.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link