Crown, LTNG, Michael Meyer pay $7.5M to school for retail condos in Forest Hills

Crown Acquisitions, LTNG, and Michael Meyer through the entity 69-40 Austin Street Partners LLC paid $7.5 million to Bramson Ort Technical Institute for retail condo units (CC) at 69-40 Austin Street in Forest Hills, Queens.
The deal closed on November 12, 2021 and was recorded on December 17, 2021.
The nine properties have 41,077 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $183 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 Bramson Ort Technical Institute was David Kanani. The signatory for Crown Acquisitions, LTNG, and Michael Meyer was Oded Ben-Nun.

PincusCo first reported on this transaction when the sale went into contract, according to a New York State Supreme Court filing required when a nonprofit such as Bramson Ort sells substantial assets. This is for a number of commercial condo units including RU1 to RU 8. Oded Ben-Nun is a co-founder of LTNG.

Within a 400-foot radius of 69-30 Austin Street, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
Of those two items, two were loans above $5 million totaling $87.5 million. The most recent of the two was Slate Property Group which borrowed $65 million from Pacific Western Bank secured by the development site (V1) on 105-02 Queens Boulevard on June 7, 2021.

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