{"id":291846,"date":"2026-07-09T22:08:08","date_gmt":"2026-07-09T22:08:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/291846\/"},"modified":"2026-07-09T22:08:08","modified_gmt":"2026-07-09T22:08:08","slug":"the-pecora-queens","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/291846\/","title":{"rendered":"The Pecora Queens"},"content":{"rendered":"<p>            <a href=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/07\/Untitled-April-05-2026-at-15.21.04-8-4.jpeg\" data-caption=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"365\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/07\/Untitled-April-05-2026-at-15.21.04-8-4.jpeg\" alt=\"The Pecora Queens\" title=\"The Pecora Queens\"\/><\/a><\/p>\n<p><a href=\"https:\/\/wmcap.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Watermark Capital Group<\/a> has secured a $105 million refinancing loan for <a href=\"https:\/\/thepecora.com\/\" target=\"_blank\" rel=\"noopener nofollow\">The Pecora<\/a>, a 184-unit upscale community in Queen\u2019s Long Island City neighborhood.<\/p>\n<p>Walker &amp; Dunlop Investment Partners provided the financing in a transaction brokered by Arrow Real Estate Advisors.<\/p>\n<p>The newly delivered property benefits from a 421-a tax abatement, as it also features affordable residences. The ownership plans to use the note to stabilize Pecora\u2019s leasehold interest.<\/p>\n<p>The refinancing retires a previous 20-month, $70 million construction financing package issued by Slate Property Group in December 2024.<\/p>\n<p>Rising 26 stories at 41-10 Crescent St., The Pecora features 43 studios, 101 one-bedroom apartments and 40 two-bedroom residences ranging from 481 to 992 square feet. Out of the total number of units, 56 are designated as affordable. Shared amenities include a fitness center, clubhouse, rooftop terrace, children\u2019s playroom and screening room, as well as a covered parking area with 41 spots and 9,000 square feet of retail space.<\/p>\n<p>The community is just off Queensboro Bridge, some 3 miles east of Central Park. There are two subway stations within one block of the property, crossed by several lines, including the F, R and 7 trains.<\/p>\n<p><a class=\"gofollow\" data-track=\"MjQ1LDYsNjA=\" href=\"http:\/\/umadvisory.org\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2025\/10\/UMA-digi-ad-leaderboard.jpg\" title=\"UMAdvisory\" border=\"0px\"\/><\/a>        <\/p>\n","protected":false},"excerpt":{"rendered":"Watermark Capital Group has secured a $105 million refinancing loan for The Pecora, a 184-unit upscale community in&hellip;\n","protected":false},"author":2,"featured_media":291847,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[11381,2008,9,24,63,122,124,2009,123,11383,2010],"class_list":["post-291846","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-high-rise","tag-multifamily","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-new-york","tag-queens-news","tag-refinancing","tag-transit-oriented"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/291846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=291846"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/291846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/291847"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=291846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=291846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=291846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}