Kennedy House cooperative in Forest Hills borrows $17M from Apple Bank For Savings

The Kennedy House cooperative through the entity Kennedy House Owners, Inc. as borrower signed a loan agreement with lender Apple Bank For Savings valued at $16.5 million for 1 parcel, including the tax class cooperative (D4) and containing 405 residential units at 110-17 Queens Boulevard in Forest Hills. The deal closed on December 19, 2019 and was recorded on December 26, 2019.
The property contains a total of 524,895 square feet of built space.
The average loan per unit is $40,741.

Over the past five years, there have been 13 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 13 renovation/alteration projects (A2) applied for with a total estimated value of $1,804,310.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link