Akam Living Services obtained financing of $14M from Apple Bank For Savings

Akam Living Services through the entity Dunolly Owners’ Corp as borrower signed a loan agreement with lender Apple Bank For Savings valued at $14.0 million for 6 parcels, including the tax class cooperative (D4) and containing 359 residential units at 78-10 34 Avenue, 34-20 79 Street, 34-40 79 Street, 78-11 35 Avenue, 34-41 78 Street, and others in Jackson Heights. The deal closed on April 30, 2019 and was recorded on August 05, 2019.
The property contains a total of 433,720 square feet of built space. The property has 43,720 square feet of available development rights.
The average loan per unit is $38,997.

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Direct link to the city’s interactive property map, ZOLA. link

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