While many CRE pros agree that outlet centers are today’s best-performing retail asset, some say the sector may be losing some of its appeal.

During the first half of 2018, QSR transactions surpassed $1 billion, an increase of more than 10 percent year-over-year, according to The Boulder Group.

The firm sees the 1,300-unit property, known as Parker Towers, as an affordable option for renters seeking alternatives outside of Manhattan and in parts of Queens, such as Long Island City, where new construction and sky-high prices are rife.

Conduits lenders are often willing to make loans make loans that cover up 75 percent of the underwritten value of an apartment property.