ROCKABILL DEVELOPMENT obtained financing of $22M from NEW YORK CITY HOUSING DEVELOPMENT

ROCKABILL DEVELOPMENT through the entity ROCKABILL 65TH STREET LLC as borrower signed a loan agreement with lender NEW YORK CITY HOUSING DEVELOPMENT CORPORATION valued at $21.6 million for 3 parcels, including the tax class multifamily, over six families without stores (C1) and containing 72 residential units at 71-27 65 Street, 71-21 65 Street, 71-15 65 Street in Glendale. The deal closed on June 28, 2019 and was recorded on July 18, 2019.
The property contains a total of 62,640 square feet of built space.
The average loan per unit is $300,287.
The last time the property sold was March 27, 2019, for $15,955,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $362,645.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link