RYBAK Development Secures $71M Loan for The Austin Condominiums in Forest Hills, Queens

Rendering of The Austin, via RYBAK DevelopmentRendering of The Austin, via RYBAK Development

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.

The Austin is set to complete in the fourth quarter of 2024. Future residents will have easy access to public transportation, with the Kew Gardens–Union Turnpike subway station, which services the E and F Trains, only a block away.

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4 Comments on "RYBAK Development Secures $71M Loan for The Austin Condominiums in Forest Hills, Queens"

  1. Previous coverage says this was being designed by that Zproekt firm, Do we know if that’s still true?

  2. David in Bushwick | January 15, 2024 at 11:24 am | Reply

    That design is a damn freak show.

  3. Parking for residents? That would be the real perk in that neighborhood…

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