Roxanne Fields borrow $16M from Ponce Bank for property in Long Island City

Michael Field, Roxanne Field and Jewel Saeed through the entity Jewel Liton LLC as borrower signed a loan agreement with lender Ponce Bank valued at $16.6 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 49 residential units at 44-46 Purves Street in Long Island City. The deal closed on February 2, 2021 and was recorded on February 17, 2021.
The property contains a total of 36,487 square feet of built space.
The average loan per unit is $338,020.
The last time the property sold was June 6, 2013 for $4,137,500.
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.

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