Kevin Hernandez borrows $5M from Nassau Educators Federal Credit Union for property in Astoria

Kevin Hernandez through the entity Nomi Development LLC as borrower signed a loan agreement with lender Nassau Educators Federal Credit Union valued at $5.3 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 12 residential units at 25-35 18th Street in Astoria. The deal closed on August 21, 2019 and was recorded on September 18, 2019.
The property contains a total of 11,794 square feet of built space.
The average loan per unit is $441,667.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 12 residential (or hotel) units on May 16, 2019.
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. There was one renovation/alteration project (A2) applied for with a total estimated value of $77,100.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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