NEW YORK CITY – JLL Capital Markets has secured $55 million in joint-venture equity on behalf of Cape Advisors for a 534-unit, multi-housing development in Queens' Astoria neighborhood.
Serving as one of New York City's largest multifamily developments, the project comprises three buildings on a 2.5 acre waterfront site. Located at 30-77 Vernon Blvd., the development is situated near public transportation options including the Astoria East River ferry stop, the R and W subway lines and various bus lines.
The development site was acquired by a partnership led by Cape Advisors, in early 2018.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
