BARONE MANAGEMENT obtained financing of $9M from CREIF 158 LLC

BARONE MANAGEMENT through the entity JJSS JAMAICA CF LLC as borrower signed a loan agreement with lender CREIF 158 LLC valued at $9.0 million for 1 parcel, including the tax class parochial schools, yeshivas (W2) at 82-14 161 Street in Queens. The deal closed on July 03, 2019 and was recorded on July 18, 2019.
The property contains a total of 135,236 square feet of built space. The property has 89,008 square feet of available development rights.
The average loan per buildable square foot is $67.
The last time the property sold was June 04, 2018, for $15,000,000.

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