S.W. Management borrows $9M from Capital One for multifamily property in Queens Village

Alan Wasserman’s S.W. Management through the entity 224-10 Jamaica Realty LLC as borrower signed a loan agreement with lender Capital One valued at $9.2 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 94 residential units at 94-06 225th Street in Queens Village. The deal closed on December 12, 2019 and was recorded on January 3, 2020.
The property contains a total of 81,900 square feet of built space.
The average loan per unit is $97,340.

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 $1,100,925.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link