Forest Hill Jewish Center signs $18M initial loan with Valley National Bank in Forest Hills

Forest Hill Jewish Center through the entity The Forest Hills Jewish Center as borrower signed a initial loan with lender Valley National Bank  valued at $18 million for the property at 106-06 Queens Boulevard in Forest Hills, Queens.
The deal closed on April 20, 2026 and was recorded on May 12, 2026. The property has 67,780 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $265 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 Forest Hill Jewish Center was Gary Kerzner .

The property

The property in Forest Hills has 67,780 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 67,780 square feet. The city-designated market value for the property in 2022 is $22.2 million.

Transaction Participants

Grace Y. Lee at Moritt Hock & Hamroff LLP participated in the transaction on behalf of the lender.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of one of the two commercial properties representing 22,568 square feet of the 33,408 square feet. The identified owner is A&H Acquisitions.
There are no active new building construction projects on this tax block.

The majority, or 68 percent of the 33,408 square feet of built space are retail buildings, with specialty buildings next occupying 32 percent of the space.

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