111-10 78 Avenue
Forest Hills, Queens
Parcel ID (BBL): 4033450001
Owner: Rybak Development
Acquired: July 15, 2022, $20.9 million
Debt: January 19, 2024, $71 million
Built: 2023
SF: 149,635
Dwelling units: 98
No. of buildings: 1
Class: Semi-fireproof (Without Stores) (D1)
Floors: 7
Legacy BBLs: 4033450001
Transactions:
• Company sold N/A 78th Avenue, 78-29 Austin Street, 78-29 Austin Street, 78-29 Austin Street, 78-29 Austin Street, and others, Forest Hills, Queens for $0 to company on June 11, 2025.
• Company sold N/A 78th Avenue, Forest Hills, Queens for $0 to company on April 29, 2024.
• Rybak Development borrowed $71 million from Valley National Bank for N/A 78th Avenue, Forest Hills, Queens on January 19, 2024.
• Company sold N/A 78th Avenue and 119-17 Union Turnpike, Forest Hills, Queens for $0 to company on August 30, 2022.
• Rybak Development borrowed $11.9 million from Valley National Bank for N/A 78th Avenue, Forest Hills, Queens on July 15, 2022.
Development:
• Sergey Rybak filed plans for alteration in Forest Hills, Queens, on November 20, 2024.
• Sergey Rybak filed plans for SC in Forest Hills, Queens, on August 19, 2024.
• Eddie Gazheli filed plans for alteration in Forest Hills, Queens, on November 03, 2022.
• Eddie Gazheli filed plans for alteration in Forest Hills, Queens, on November 03, 2022.
• Eddie Gazheli filed plans for alteration in Forest Hills, Queens, on October 27, 2022.
Violations:
According to city public data, the properties have received one DOB violation and $440 in OATH penalties in the last year.