CBSK Ironstate borrows $7.6M from Sarston Company for LIC condo units

CBSK Ironstate through the entity 44th Drive Owner LLC as borrower signed a loan agreement with lender Sarston Company S.A. valued at $7.6 million for 6 parcels, including four residential and two retail condo units at 21-30 44th Drive in Long Island City. The deal closed on October 16, 2020 and was recorded on November 12, 2020.
The signatory was Scott Shnay of SK Development.
This building was developed by CBSK Ironstate. The construction loan was paid off in January.

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