1025 Boynton Avenue Realty, LLC obtained financing of $5M from Flushing Bank

1025 Boynton Avenue Realty, LLC as borrower signed a loan agreement with lender Flushing Bank valued at $5.4 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 61 residential units at 1025 Boynton Avenue in Soundview. The deal closed on August 20, 2019 and was recorded on September 06, 2019.
The property contains a total of 61,500 square feet of built space.
The average loan per unit is $89,180.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $20,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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