Northmarq’s New York City and Long Island offices complete $80,084,000 refinance of Roosevelt Raceway Center in Westbury, New York

NEW YORK CITY, NEW YORK (January 5, 2023) – Robert Delitsky, senior vice president/managing director of Northmarq’s New York City office collaborated with Charles Cotsalas, senior vice president/managing director of Northmarq’s Long Island office, to arrange $80.084 million in refinancing for Roosevelt Raceway Center. The grocery anchored center contains a combined 428,483 sq. ft. on 48 total acres. Raceway Center is located in Westbury, New York. Northmarq secured the permanent-fixed rate loan for the borrower through its relationship with a regional bank. Tenants at Roosevelt Raceway Center include: Home Depot, Food Bazaar Supermarket, David’s Bridal, and a PGA TOUR Superstore.

The property is only a 20-minute drive for more than 1.9 million area residents. It benefits from direct access off Meadowbrook Parkway and Old Country Road, and is less than one mile from Roosevelt Field Mall, one of the country’s top malls.