Pryor Cashman's nationally-recognized Real Estate Group represented affiliates of Silverback Development and AEW Capital Management in connection with their acquisition and financing of the residential component of 24-16 Queens Plaza South in Long Island City. The property was purchased from Greystone Development and the sale finalized on January 28, 2019.
The development is currently 60% complete, with Silverback stepping in to complete construction and convert the project from a multifamily rental apartment building into for-sale condominiums targeted to buyers looking to take advantage of the tremendous growth in Long Island City.
The Pryor Cashman Team
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