Mahnaz Nouvahian borrows $9M from Peapack-Gladstone for 80 units in Sunset Park

Mahnaz Nouvahian through the entity Ra Realty Group II, LLC as borrower signed a loan agreement with lender Peapack-Gladstone Bank valued at $9 million for 2 parcels, including the tax class multifamily, over six families without stores (C1) and containing 80 residential units at 758 60th Street and 762 60th Street in Sunset Park. The deal closed on March 24, 2021 and was recorded on April 1, 2021.
The property contains a total of 69,200 square feet of built space.
The average loan per unit is $112,500.
The last time the property sold was November 7, 2013 for $5,931,976.
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