Jonathan Strasser borrows $61M for nursing home in Middle Village

Jonathan Strasser through the entity Dry Harbor HRF, Inc. as borrower signed a loan agreement with lender Housing & Healthcare Finance, LLC valued at $61.4 million for 1 parcel, including the tax class nursing home (I6) at 61-35 Dry Harbor Road in Middle Village. The deal closed on June 30, 2020 and was recorded on July 13, 2020.
The property contains a total of 114,715 square feet of built space.
The average loan per buildable square foot is $535.
The financing includes a $2.3 million supplemental healthcare mortgage for the Dry Harbor Nursing Home. The prior lender Popular Bank provided a $59.1 million loan in December 2018.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $150,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link