Jorge and Rosa Bolanos borrows $13M from New York Community Bank for multifamily property in Jackson Heights

Jorge and Rosa Bolanos through the entity Kedex Properties LLC as borrower signed a loan agreement with lender New York Community Bank valued at $13.3 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 133 residential units at 89-07 34th Avenue in Jackson Heights. The deal closed on November 4, 2019 and was recorded on November 14, 2019.
The property contains a total of 98,460 square feet of built space.
The average loan per unit is $100,000.
The last time the property sold was February 8, 2011, for $13,400,000.

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