Ira Lichtiger borrows $8.4M from NYC HDC for 50-unit rental in Rego Park

Ira Lichtiger through the entity A.H. Realty Co., LLC as borrower signed a loan agreement with lender New York City Housing Development Corporation valued at $8.4 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 50 residential units at 65-54 Austin Street in Rego Park. The deal closed on February 25, 2021 and was recorded on March 10, 2021.
The property contains a total of 51,173 square feet of built space.
The average loan per unit is $168,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $191,762.

Direct link to Acris document. link
The signatory for the buyer or lender was Teresa Gigliello