165 Investors LLC obtained financing of $5M from Harry Enterprise

165 Investors LLC as borrower signed a loan agreement with lender Harry Enterprise Inc valued at $5.0 million for 1 parcel, including the tax class not available at 165-20 Archer Avenue in Jamaica. The deal closed on August 16, 2019 and was recorded on September 09, 2019.
The property contains a total of 6,298 square feet of built space. The property has 66,567 square feet of available development rights.
The average loan per buildable square foot is $69.
The last time the property sold was June 03, 2019, for $985,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 72,062 square feet. Those plans include a total of 206 residential or hotel units. There have been 2 demolition projects filed over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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