Greystone Capital Advisors Arranges $525 Million in Construction Financing for 55-Story Condominium Tower in Long Island City, NYC

Greystone Capital Advisors Arranges $525 Million in Construction Financing for 55-Story Condominium Tower in Long Island City, NYC

NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced it has arranged $525 million in construction financing for the development of Court LIC, a 55-story condominium tower to-be-built on a site located at 24-19 Jackson Avenue in the center of Long Island City's Court Square neighborhood. The financing was arranged on behalf of co-developers Charney Companies and Tavros, in par…

55-story Long Island City condo with over 600 units moves ahead

A massive 55-story condo tower with over 600 homes in Long Island City is moving forward after developers secured $525 million in construction financing. Charney Companies and Tavros, in partnership with Incoco Capital, announced this week funding for a 636-unit development at 24-19 Jackson Avenue and 45-03 23rd Street in the Court Square section of the neighborhood. The developers received $425 million from Madison Realty Capital and an additio…

Court Square to gain 636-unit, 55-story condo tower after developers secure $525M loan

Jun. 12, 2025 By emarshall The planned 55-story skyscraper at 24-19 Jackson Ave. and 45-03 23rd St. in Court Square of Long Island City. Rendering courtesy of FXCollaborative. June 12, 2025 By Ethan Marshall The real estate private equity firm Madison Realty Capital, the real estate development and management firm Kushner and the global investment manager OneIM have combined to provide a $525 million construction loan to Charney Companies and Ta…

Court Square to gain 636-unit, 55-story condo tower after developers secure $525M loan - Queens Post

The planned 55-story skyscraper at 24-19 Jackson Ave. and 45-03 23rd St. in Court Square of Long Island City. Rendering courtesy of FXCollaborative. June 12, 2025 By Ethan Marshall The real estate private equity firm Madison Realty Capital, the real estate development and management firm Kushner and the global investment manager OneIM have combined to provide a $525 million construction loan to Charney Companies and Tavros to assist in their dev…

Charney, Tavros Receive $525M in Construction Financing for 55-Story Multifamily Tower in Queens

NEW YORK CITY — A partnership between two locally based firms, Charney Cos. and Tavros, has received $525 million in construction financing for a 55-story multifamily tower that will be located in the Long Island City area of Queens. Greystone arranged the financing, which consists of $425 million in debt from Madison Realty Capital and $100 million in equity from Kushner and OneIM. Plans call for 636 condos in studio, one-, two- and three-bedro…

Greystone Capital Advisors Arranges $525 Million in Construction ...