Moshe Braver signs $155M refi with Arbor for 521-unit dev site in Jamaica

Moshe Braver through the entity Sutphin Boulevard Equities LLC as borrower signed a refi loan with lender Arbor Realty Group through the entity Arbor Realty SR, Inc. valued at $155 million for the development site at 147-35 95th Avenue in Jamaica, Queens.
On the lot, there is one active new building construction project, Q00657656, for a 521-unit, 488,327 square-foot residential (R-2) building. The project was submitted by Joel Weiss with plans filed February 8, 2022 and permitted June 1, 2023. The Real Deal reported on a $148 million loan for an adjacent development site, in February.
The deal closed on February 28, 2025 and was recorded on March 13, 2025. The prior lender was Slate Property Group which held debt that had an original loan amount of $142 million.
The signatory for Moshe Braver was Moshe Braver. The signatory for Arbor Realty Group was Valerie Rubin.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $8,500 in ECB penalties in the last year.

The block

On this tax block, PincusCo has identified the owners of two of the two commercial properties representing zero square feet of the zero square feet. The two identified owners are Moshe Braver and Joel Zupnick.
On the tax block, there were three new building construction projects totaling 1,081,951 square feet. The largest is a 500-unit, 367,658 square-foot residential (R-2) building submitted by Joel Weiss and filed by Joel Weiss with plans filed February 8, 2022 and permitted May 16, 2022. The second largest is a 500-unit, 367,658 square-foot residential (R-2) building submitted by Joel Weiss|Solomon Feder and filed by Joel Weiss with plans filed February 8, 2022 and permitted May 16, 2022.

All properties are development.

The borrower

The PincusCo database currently indicates that Moshe Braver owned at least three commercial properties with 117 residential units in New York City with 4,404 square feet and a city-determined market value of $10.8 million. (Market value is typically about 50% of actual value.) The portfolio has $134.8 million in debt, borrowed from Dwight Capital and Citibank. Within the portfolio, the bulk, or 57 percent of the 4,404 square feet of built space are development properties, with mixed-use properties next occupying 43 percent of the space. They are all located in Queens.

Direct link to Acris document. link