Ira Schwartz Secures $43M Construction Loan For Development Site In Arverne, Queens

An entity represented by Ira Schwartz, 79 Arverne Development LLC, secured a $43 million construction loan from Flushing Bank for a development site located at 350 Beach 79th Street in Arverne, Queens. The site is a development site with a buildable square footage (BSF) of 107,537.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $43,000,000
• Address: 350 Beach 79th Street, Arverne, Queens
• Market: Arverne, Queens
• Lender: Flushing Bank
• Landlord: Ira Schwartz
• Loan Type: Construction

In this deal, Ira Schwartz, representing 79 Arverne Development LLC, successfully secured a $43 million construction loan from Flushing Bank. The loan will be used for the development of the property located at 350 Beach 79th Street in Arverne, Queens.