3401 38th Avenue Property L.P. obtained financing of $5M from TD Bank

3401 38th Avenue Property L.P. as borrower signed a loan agreement with lender TD Bank, N.A. valued at $5.5 million for 1 parcel, including the tax class semi-fireproof office building (O5) at 34-01 38 Avenue in Queens. The deal closed on July 31, 2019 and was recorded on August 22, 2019.
The property contains a total of 218,000 square feet of built space. The property has 191,880 square feet of
The last time the property sold was December 21, 2007, for $2,400,000.

Over the past five years, there have been 13 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 13 renovation/alteration projects (A2) applied for with a total estimated value of $3,446,650.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link