The Yellowstone in New York City

Slate Property Group Secures $97 Million to Refinance The Yellowstone in Queens, New York

by Channing Hamilton

NEW YORK CITY — Slate Property Group has secured a $97 million loan for the refinancing of The Yellowstone, a 166-unit community located within the Forest Hills neighborhood of Queens. Daniel Fromm of Newmark negotiated the five-year, fixed-rate loan through Apollo Global Management on behalf of Slate Property Group.

The Yellowstone offers one- and two-bedroom units that range in size from 475 to 950 square feet. Units feature granite countertops and backsplashes, stainless steel appliances and in-unit washers and dryers. Select units also include private balconies. The community offers amenities such as a fitness center, lounges and a rooftop terrace. The property also includes a Trader Joe’s grocery store. Aufgang Architects designed the building.

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