Kevin Hernandez obtained financing of $8M from Nassau Federal Credit Union

Kevin Hernandez through the entity Mima Realty Development LLC as borrower signed a loan agreement with lender Nassau Federal Credit Union valued at $8.1 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 19 residential units at 25-10 38 Avenue in Long Island City. The deal closed on August 21, 2019 and was recorded on September 05, 2019.
The property contains a total of 19,332 square feet of built space.
The average loan per unit is $426,316.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 19 residential (or hotel) units on February 07, 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. There was one renovation/alteration project (A2) applied for with a total estimated value of $32,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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