Nelson Management Group borrows $9M from New York Community Bank for property purchase in Astoria

Nelson Management Group through the entity Global 36th Street LLC as borrower signed a loan agreement with lender New York Community Bank valued at $9.2 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 60 residential units at 25-98 36th Street in Astoria. The deal closed on October 1, 2020 and was recorded on October 14, 2020.
The property contains a total of 50,910 square feet of built space.
The average loan per unit is $153,333.

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