Isaac Herskovitz borrows $24M from Popular Bank for multifamily properties

Isaac Herskovitz through the entity 1625-1631 Fulton Ave Owner LLC as borrower signed a loan agreement with lender Popular Bank valued at $24 million for 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 155 residential units at 38-01 112th Street, 1625 Fulton Avenue in Corona. The deal closed on March 31, 2020 and was recorded on April 7, 2020.

The average loan per unit is $154,839.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link