19-79-Steinway-St-NYC

Meridian Capital Group Arranges $7M in Acquisition Financing for Warehouse in Queens

by Amy Works

NEW YORK CITY — Meridian Capital Group has arranged $7 million in financing for the acquisition of a warehouse located in the Astoria section of Queens. The one-year loan, provided by a local balance sheet lender, features full-term interest-only payments. Located at 19-79 Steinway St., the single-story, 10,000-square-foot warehouse offers easy access to New York City’s major distribution channels and close proximity to the N and Q subway lines. Bryan Geffen and Brian Flax of Meridian negotiated the loan for the undisclosed borrower.

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