Matthew Sprayregan signs $38M loan with M&T Bank for seven storage buildings in NYC

Matthew Sprayregan through the entity Astoria Rising, LLC as borrower signed a loan with lender M&T Bank valued at $38 million for seven storage properties including the storage (E7) building at 160 John Street in Brooklyn, warehouse (E7) building at 359 Wales Avenue in Mott Haven, Bronx, and an warehouse (E7) building at 37-19 Crescent Street in Long Island City, Queens.
The deal closed on April 23, 2021 and was recorded on May 17, 2021.
The seven properties have 312,509 square feet of built space and 0 square feet of additional air rights for a total buildable of 242,043 square feet according to PincusCo analysis of city data. The loan price per built square foot is $121 per the PincusCo analysis.
The signatory for Matthew Sprayregan was Matthew Sprayregan.

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