Amherst Capital Provides $47M Refi for Queens Multifamily Property

RD Management, Camber Property Group and Valyrian Capital have landed a $47 million refinance for The Strand luxury multifamily property in Ridgewood, Queens, Commercial Observer has learned. 

Amherst Capital provided the five-year loan, while Cushman & Wakefield’s Gideon Gil and Lauren Kaufman negotiated the debt on behalf of the borrower.

The 132-unit asset is located at 176 Woodward Avenue — near the border of Ridgewood and Brooklyn’s Bushwick neighborhood— and includes 5,009 square feet of retail space. Recently constructed, the building was designed by Aufgang Architects and Dumbo, Brooklyn-based The Meshberg Group.