Abraham Moshel pays $16M to Rockefeller, F&T Group, Aecom, for parking condo in Flushing

Abraham Moshel through the entity Amush Flushing LLC paid $16 million to Rockefeller Group, F&T Group, Aecom Capital, and Fortress Investment Group through the entity Flushing Commons Property Owner, LLC for the parking condo (CC) at 138-35 39th Avenue in Flushing, Queens.
The deal closed on September 17, 2021 and was recorded on October 7, 2021.
The property has 271,294 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $58 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Rockefeller Group, F&T Group, Aecom Capital, and Fortress Investment Group was Rick Sondik. The signatory for Abraham Moshel was Abraham Moshel.
(420650307)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 148 residential units on August 10, 2020. (420650307) Plans for a 148-unit, 404,480 square-foot B were filed on October 31, 2013 and were permitted on December 16, 2014.
This is for unit PRK, the 982-unit parking garage. The brokers were Meridian Capital Group’s David Schechtman, Lipa Lieberman, Abie Kassin and Brian Gladstone.
Within a 400-foot radius of 138-35 39th Avenue, PincusCo identified five commercial real estate items of interests occurred over the past 24 months.
Of those five items, two were for major renovation including a certificate of occupancy change. They were one permit with a total initial cost of $654,625.0 and one initial temporary certificate of occupancy issuance for a project that initially costed $465,010. The most recent of these two items was the temporary certificate of occupancy on August 13, 2020 for a 15,764-square-foot R-2 building with 23 residential units at 142-28 38th Avenue.
One of those five items was a sale which Thor Equities and United American Land bought one commercial condo unit in the 240-unit mixed-use building (RM) at 138-35 39th Avenue for $42 million from F&T Group, AECOM Capital, and Rockefeller Group on March 9, 2020.
Of those five items, two were loans above $5 million totaling $34.6 million. The most recent of the two was Hugo Im and Byuing Hyo Im which borrowed $6.6 million from Industrial Bank Of Korea secured by the 27,830-square-foot, one-unit mixed-use building (K4) on 38-15 Union Street on September 8, 2020.

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