Robert Gans borrows $10.5M from Titan Capital ID for property in Astoria

Robert Gans through the entity 34 Steinway Street LLC as borrower signed a loan agreement with lender Titan Capital ID, LLC valued at $10.5 million for 1 parcel, including the tax class two-story or store and office (K2) at 34-49 Steinway Street in Astoria. The deal closed on September 20, 2019 and was recorded on October 8, 2019.
The property contains a total of 25,475 square feet of built space. The property has 116,973 square feet of available development rights.
The average loan per buildable square foot is $74.
The last time the property sold was September 30, 2009, for $3,003,114.

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 $50,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link