NEW YORK, Nov. 10, 2025 /PRNewswire/ -- Eastern Union, one of America's largest commercial real estate mortgage brokerages, has arranged $20.5 million for the refinancing of Zoria Apartments, a new, 54-unit, mixed-use property located at 88-11 179th Place in Jamaica, NY.

The transaction was led by Alex Jaffa, a senior loan consultant with Eastern Union.  

Situated on the corner of Hillside Avenue, the eight-story Zoria Apartments is a brick building containing a gross building area of 56,473 square feet and a net rentable area of 45,847 square feet.

Completed in March, the site's 54 units consist of 49 apartments, four retail units, and a community facility unit. The 49 residential units include 35 one-bedroom/one-bath units, twelve two-bedroom/two-bath units, and two penthouse units that each have two bedrooms and two bathrooms.

The borrower was not identified. The lender was Wells Fargo.           

The loan carried a 5.98-percent interest rate over five years, with 30-year amortization and a swap breakage prepay. 

"With a brand-new building in lease-up and with loan maturity coming up, timing was everything for our client," said Mr. Jaffa. "We're pleased to have secured a lender who understood our client's unique needs and timeline, enabling us to begin and close this transaction while in lease-up mode."

Building amenities include common laundry facilities on each of the upper floors, an outdoor recreation area on the third floor, and 25 parking spaces in an underground parking garage.

About Eastern Union

Founded in 2001, Eastern Union is a national commercial real estate firm that employs more than 90 real estate professionals and closes billions of dollars' worth of transactions annually. Eastern Union leverages its relationships with lenders and its marketplace knowledge to secure the best available rates and terms.

Eastern Union secures financing for transactions of all sizes across the United States. Transactions, which can include multi-state and multi-site portfolios, encompass conventional commercial mortgages, structured debt, multifamily, office, retail, healthcare, hospitality, manufactured home properties, single-family rentals, self-storage, and -- handled in conjunction with company affiliate Eastern Equity Advisors -- equity placement.

For more information, visit www.easternunion.com. 

Media contact:

Steve Vitoff
Eastern Union
516-652-0785
404609@email4pr.com 

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SOURCE Eastern Union