Yousef Althkefati borrows $10M from Israel Discount Bank to refinance warehouse in Far Rockaway

Yousef Althkefati through the entity 1400 Brunswick LLC as borrower signed a loan agreement with lender Israel Discount Bank of New York valued at $10.4 million for 1 parcel, including the tax class miscellaneous warehouse (E9) at 1400 Brunswick Avenue in Far Rockaway. The deal closed on March 5, 2020 and was recorded on March 16, 2020.
The property contains a total of 37,279 square feet of built space. The property has 51,115 square feet of available development rights.
The average loan per buildable square foot is $203.
This is a refinance loan. The last time the property sold was February 6, 2015, for $4,225,000.

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