A trio of apartment buildings in Far Rockaway have landed $107 million in refinancing.
New York Community Bank provided Alma Realty with the new debt, according to property records. The buildings are located at 107-10 Shore Front Parkway, 106-20 Shore Front Parkway and 106-10 Shore Front Parkway, and they have a total of 770 residential units.
The deal includes about $16.6 million in new financing.
Representatives for Alma Realty and NYCB did not respond to requests for comment.
NYCB president and CEO Joseph Ficalora said at a banking conference in the fall that New York’s strict new rent laws have not impacted its portfolios and that he wants the company to acquire other banks.