Noorollah Asherian obtained financing of $20M from SANTANDER BANK

Noorollah Asherian through the entity 177-30 WEXFORD TOWER LLC as borrower signed a loan agreement with lender SANTANDER BANK, N.A valued at $20.0 million for 1 parcel, including the tax class single-family, two stories detached (small or moderate size, with or without attic) (A1) and containing 66 residential units at 177-30 Wexford Terrace in Jamaica. The deal closed on July 02, 2019 and was recorded on July 15, 2019.
The property contains a total of 62,408 square feet of built space. The property has 1,092 square feet of available development rights.
The average loan per unit is $303,030.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 68 residential (or hotel) units on June 19, 2018.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $195,300. There was one renovation/alteration project (A2) applied for with a total estimated value of $25,350.There has been one new building permit application totaling 59,607 square feet. Those plans include a total of 68 residential or hotel units. 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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