RYBAK Development has successfully secured a $71 million construction loan for The Austin, a new condominium project located at 78-29 Austin Street in Forest Hills, Queens. JLL Capital Markets facilitated the financing for the project from Valley National Bank.
When complete, The Austin is planned to stand seven stories tall and offer a range of one- to four-bedroom apartments, along with three-bedroom duplex townhomes, for a total of 98 units.
The project will offer a full-service living experience for future residents, including a doorman, full-service concierge, and a live-in superintendent. In addition, it plans to offer an array of other amenities, including a 75-foot infinity lap pool, rooftop garden, indoor basketball and pickleball courts, a fitness center, and a children’s playroom.