Jankos Group signs $14.2M refi with Arbor for two properties in NYC

Jankos Group through the entity 160 20th St LLC as borrower signed a refi loan with lender Arbor Realty Trust through the entity Arbor Commercial Funding I, LLC valued at $14.2 million for two properties with 24 residential units including the 21-unit residential elevator building (D1) at 37-27 32nd Street in Long Island City, Queens and six-unit building at 160 20th Street in Greenwood Heights, Brooklyn.
The deal closed on July 31, 2025 and was recorded on August 7, 2025. The prior lender was Parke Bank which held debt that had an original loan amount of $9.2 million.The two properties have 21,160 square feet of built space and 2,200 square feet of additional air rights according to a PincusCo analysis of city data. The loan price per built square foot is $668 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 Jankos Group was Maier Jankovits . The signatory for Arbor Realty Trust was Kenneth Dowling .

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 37-27 32nd Street.

Prior sales and revenue

The owners according to the Department of Housing Preservation and Development includes Maier Jankovits, head officer and Berish Rubin, site manager. The business entity is 37-25 32nd Street Llc. Out of the two properties, one with a total of 21,160 square feet of built space generated revenue of $858,227 per year.

The property

The residential elevator building with 21 residential units in Long Island City has 21,160 square feet of built space and 2,200 square feet of additional air rights according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 95 feet deep with a total lot size of 4,772 square feet. The zoning is M1-2/R6A which allows for up to 2 times floor area ratio (FAR) for manufacturing and up to 3 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $702,000. The most recent loan totaled $6.3 million and was provided by Parke Bank on December 21, 2022.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received three housing violations and $1,680 in OATH penalties in the last year.

Development

For the tax lot buildings, two out of the two buildings received a initial certificate of occupancy in the last ten years. 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 the tax block of 37-27 32nd Street, PincusCo has identified the owners of four of the nine commercial properties representing 103,566 square feet of the 144,829 square feet. The largest owner is Xiaozheng Tang, followed by Michael Arapis and then Century Development Group.
There are no active new building construction projects on this tax block.

The majority, or 75 percent of the 144,829 square feet of built space are elevator buildings, with industrial buildings next occupying 10 percent of the space.

Direct link to Acris document. link