Stephen Gladstone borrows $11.5M from Bethpage Federal for warehouse in Woodside

Stephen Gladstone through the entity Happyrock Partners, L.P. as borrower signed a loan agreement with lender Bethpage Federal Credit Union valued at $11.5 million for 1 parcel, including the tax class fireproof warehouse (E1) at 60-01 31st Avenue in Woodside. The deal closed on March 19, 2021 and was recorded on April 1, 2021.
The property contains a total of 88,750 square feet of built space.
The average loan per buildable square foot is $130.

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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