Yan Moshe borrows $6M from Popular Bank for property in Sunset Park

Bluestone Group through the entity 313 43rd Holdings LLC as borrower signed a loan agreement with lender Popular Bank valued at $5.6 million for 1 parcel, including the tax class health center, child center, clinic (I5) at 314 42nd Street in Sunset Park. The deal closed on September 26, 2019 and was recorded on October 21, 2019.
The property contains a total of 18,752 square feet of built space. The property has 1,302 square feet of available development rights.
The average loan per buildable square foot is $280.

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Direct link to the city’s interactive property map, ZOLA. link

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