Meir Babaev obtained financing of $24M from Nassau Educators Federal Credit Union

Meir Babaev through the entity Jericho Holdins LLC as borrower signed a loan agreement with lender Nassau Educators Federal Credit Union valued at $23.5 million for 1 parcel, including the tax class semi-fireproof office building (O5) at 251-73 Jericho Turnpike in Bellerose. The deal closed on August 22, 2019 and was recorded on September 03, 2019.
The property contains a total of 84,352 square feet of built space.
The average loan per buildable square foot is $279.
The last time the property sold was July 21, 2014, for $2,500,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There have been 2 new building permit applications totaling 72,807 square feet. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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