Yitzchok Katz signs $25M construction loan with Investors Bank for 58-unit project in Astoria

Yitzchok Katz through the entity Third Street Equity, LLC as borrower signed a new construction loan with lender Investors Bank through the entity Investors Bank valued at $25 million for a residential development at 26-35 3rd Street in Astoria, Queens.
The deal closed on May 14, 2021 and was recorded on May 26, 2021.
Yitzchok Katz of Goose Property Management, on April 8, 2020, filed a permit application for construction of a 58-unit, 70,061-square-foot mixed-use building at 26-35 3rd Street in Astoria. The plans call for the construction of a 76-foot tall, 7-story, residential building.
The owner bought the property on 16-Sep-19, for $8.9 million.
The signatory for Yitzchok Katz was Yitzchok Katz.
Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $60,000.

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