Yeheskel Elias borrows $8.5M from New York Community to refi retail in Forest Hills

Yeheskel Elias through the entity Austin Corner Associates Inc. as borrower signed a loan agreement with lender New York Community Bank valued at $8.5 million for 1 parcel, including the tax class one-story store building (K1) at 70-25 Austin Street in Forest Hills. The deal closed on July 17, 2020 and was recorded on July 28, 2020.
The property contains a total of 9,380 square feet of built space. The property has 37,631 square feet of available development rights.
The average loan per buildable square foot is $226.

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