Fereydoun Khalili borrows $9.5M from First National Bank of LI for retail in Ozone Park

Fereydoun Khalili through the entity 100-02 Rockaway Blvd. 26 LLC as borrower signed a loan agreement with lender First National Bank of Long Island valued at $9.5 million for 1 parcel, including the tax class retail building with apartments above (K4) at 100-02 Rockaway Boulevard in Ozone Park. The deal closed on October 1, 2020 and was recorded on November 13, 2020.
The property contains a total of 54,150 square feet of built space.
The average loan per buildable square foot is $175.
The last time the property sold was July 10, 2014, for $11,818,913.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 24, 2017.
Over the past five years, there have been 13 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $520,170. There were 12 renovation/alteration projects (A2) applied for with a total estimated value of $12,524,836.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link