Slate Property Group and Avenue Realty Capital have closed an $85 million refinancing deal for Dutch House, a 186-unit multifamily property in Long Island City. The financing package was provided by PCCP and will be used to retire the existing construction financing facility.
Completed in early 2022, Dutch House is an eight-story building with retail space on the ground floor featuring studio, one-bedroom, and two-bedroom apartments with some units designated as affordable housing. Amenities include a concierge service, fitness center, recreation room and rooftop terrace among others.
This marks yet another successful collaboration between Slate Property Group & Avenue Realty Capital who have partnered on multiple residential transactions including 600 Columbus Avenue purchase & Brooklyn development site acquisition recently.
