Cheskie Weisz obtained financing of $10M from Bank Leumi

Cheskie Weisz through the entity Astoria 37 Units LLC as borrower signed a loan agreement with lender Bank Leumi Usa valued at $9.6 million for 1 parcel, including the tax class unlicensed parking lot (G7) at 31-19 37 Street in Astoria. The deal closed on July 15, 2019 and was recorded on July 23, 2019.
The property contains a total of 27,000 square feet of built space. The property has 27,000 square feet of available development rights.
The average loan per buildable square foot is $356.
The last time the property sold was February 20, 2018, for $1,050,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $420,000.There has been one new building permit application totaling 26,989 square feet. Those plans include a total of 38 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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