Property Description

An affiliate of Silverstein entered into a PSA for a transaction and we have entered into a non- binding term sheet for a joint venture to acquire approximately 1.09-acres to develop Northern Boulevard, a mixed-use property located in the Astoria neighborhood at 44-01 Northern Boulevard, Queens, NY.

The project will consist of 369 mixed-income residential units consisting of 261 market rate units and 108 affordable units with approximately 30,000 SF of ground floor retail, 30,000 SF of amenity space and a garage with 105 parking stalls.

 

If you are interested in receiving more information on this opportunity zone, please email info@privatecapitalhq.com

Property Type

Multifamily

Structure

Opportunity
Zone

Cantor Silverstein
Opportunity Zone

Multi States

Remaining Availability

75% Remaining

Total Funds
$500MM
Remaining Availability
$375,000,000
Minimum Investment
$100K
Funded To Date
See PPM
Est. Hold Period
10+ Years
Leverage
See PPM
Equity Raise
See PPM
Price/SF or Price/Unit
See PPM

For More Details

 
 
 

Location Details

 
 
 

Population

See PPM

Population Growth

See PPM

About The Area

MEADOWS APARTMENTS – LAS VEGAS, NV

  • Four story development on nearly ten acres featuring one-, two- and three- bedroom units averaging 824 square feet with 480 parking stalls
  • Amenities include a clubhouse, two pools, fitness center, library and two recreational areas
  • Conveniently located allowing for transit accessibility around the greater Las Vegas area
  • Close proximity to Downtown Las Vegas, which is currently in the early stages of revitalization
  • The project is walkable to local shopping and entertainment
    at The Meadows Mall and a short commute to Downtown Las Vegas, the Las Vegas Strip, the Las Vegas Medical District and the Las Vegas Premium Outlets

JOURNAL SQUARE – JERSEY CITY, NJ

  • Seeking approval for a 55-story building with approximately 600 residential units
  • The development would benefit from the already maturing Journal Square residential market where new projects such as Journal Squared (Phase I) with 538 units was fully leased within one year
  • 360 degree views of New York City including the Statue of Liberty, Liberty State Park, New York Harbor, Hudson River, and George Washington Bridge
  • Located in the heart of Journal Square, bounded by JFK Boulevard and Magnolia Avenue, close proximity to the PATH Station, 11 minutes from the World Trade Center and Down- town New York City

 

Sponsor

Cantor is a premier global financial services firm. Founded in 1945, our diversified organization spans the globe with more than 12,000 employees in more than 150 offices. We are among the largest real estate brokerage and financing companies in the world, a leading inter-dealer broker and a renowned investment bank.

Over the past decade, Cantor has invested more than $2 billion in its commercial real estate business infrastructure. Our comprehensive real estate expertise and capabilities are the result of a powerful alignment of vertically integrated affiliates providing unique insight into every phase of a real estate transaction.

Cantor’s expansive real estate platform offers broad access to critical market data and research, enhanced ability for diligence and underwriting, and superior deal flow. With our global resources, capital markets knowledge, strategic investments and deep real estate infrastructure, we deliver institutional-quality alternative investments to investors.