S3 Capital Provides $3.6M Loan For Rego Park Development Site

An undisclosed development site in Rego Park has been sold in a closed transaction. The property, located at 99-45 66th Avenue, spans a total of 15,000 square feet. It offers the potential for 12 units to be built on the site. The purchase price for the property was not disclosed.

Summary of transation details

• Property Type: Development site
• Transaction Amount: Not disclosed
• Loan Amount: $3,600,000
• BSF: 15,000
• Units: 12
• Lender: S3 Capital – Robert Schwartz, Steven Jemal
• Landlord: Robert Maks
• Brokers: Morris Betesh & Phil Galligan

The deal was facilitated by brokers Morris Betesh and Phil Galligan on behalf of the undisclosed parties involved. Robert Schwartz and Steven Jemal from S3 Capital provided the loan amount of $3,600,000. Robert Maks acted as the landlord in the transaction.