Yan Moshe borrows $7M from Popular Bank for property in Jamaica

Yan Moshe through the entity 9220 165 Holdings LLC as borrower signed a loan agreement with lender Popular Bank valued at $7.3 million for 1 parcel, including the tax class one-story store building (K1) at 92-12 165th Street in Jamaica. The deal closed on January 30, 2020 and was recorded on February 6, 2020.
The property contains a total of 14,742 square feet of built space. The property has 88,747 square feet of available development rights.
The average loan per buildable square foot is $82.
The last time the property sold was December 31, 2015, for $6,200,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $899,750.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link