Mortar Group secured an $18 million refinancing loan from Hirshmark Capital for a 29-unit building at 11-32 31st Avenue in Astoria, Queens. The property currently has no built space but includes 28,000 square feet of additional air rights. The previous lender, Popular Bank, held a loan amount of $14.7 million. Mortar Group initially purchased the property for $5 million, with Anthony Morena signing for Mortar Group and Abraham Goldman for Hirshmark Capital.
11-32 31st Avenue
