Israel Weinberger borrows $8M from Signature Bank for new building in Rockaway Park

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.

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

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