Jurjeet Kaur borrows $15M from Harry Enterprise for property in Jamaica

Jurjeet Kaur through the entity 165 Investors LLC as borrower signed a loan agreement with lender Harry Enterprise Inc valued at $15.0 million for 1 parcel, including the tax class car wash or lubritorium facility (GW) at 165-20 Archer Avenue in Jamaica. The deal closed on June 10, 2020 and was recorded on June 29, 2020.
The property contains a total of 6,298 square feet of built space. The property has 72,865 square feet of available development rights.
The average loan per buildable square foot is $206.
The last time the property sold was June 3, 2019, for $985,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 71,998 square feet. Those plans include a total of 192 residential or hotel units. There have been 3 demolition projects filed over the past five years. The demolition included 2 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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