Nathan Singer borrows $8M from New York Community Bank to refi multifamily property in Rego Park

Nathan Singer through the entity Austin Estates LLC as borrower signed a loan agreement with lender New York Community Bank valued at $8.3 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 98 residential units at 99-06 67th Road in Rego Park. The deal closed on March 26, 2020 and was recorded on May 5, 2020.
The property contains a total of 81,288 square feet of built space.
The average loan per unit is $84,694.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 96 residential units on July 1, 2014.
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 $35,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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