Yeshiva signs $19.4M refi loan with First Republic Bank for school in Far Rockaway

Yeshiva Darchei Torah through the entity 257 CDT LLC as borrower signed a refi loan with lender First Republic Bank through the entity First Republic Bank valued at $19.4 million for the a school (W2) at 271 Beach 17th Street in Far Rockaway, Queens.
The deal closed on May 6, 2021 and was recorded on May 27, 2021.
The property has 188,656 square feet of built space and 0 square feet of additional air rights for a total buildable of 80,937 square feet according to PincusCo analysis of city data. The loan price per built square foot is $102 per the PincusCo analysis.
The signatory for the yeshiva was Lloyd Keilson.
(402640442)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on July 23, 2012.

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