Israel Weinberger through the entity 2 Beach 102 LLC as borrower signed a loan agreement with lender Signature Bank valued at $7.9 million for 1 parcel, including the tax class professional-type office building (O7) at 12451 Beach 102nd Street in Rockaway Park. The deal closed on September 4, 2019 and was recorded on September 23, 2019.
The property contains a total of 23,310 square feet of built space. The property has 70,035 square feet of available development rights.
The average loan per buildable square foot is $84.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on April 10, 2019.