64-10 Maurice Avenue Holding, LLC borrows $5M from TD Bank for property in Maspeth{

64-10 Maurice Avenue Holding, LLC as borrower signed a loan agreement with lender TD Bank valued at $5.0 million for 1 parcel, including the tax class one-story, fireproof or semi-fireproof, garage (G2) at 64-10 Maurice Avenue in Maspeth. The deal closed on September 20, 2019 and was recorded on September 27, 2019.
The property contains a total of 9,633 square feet of built space. The property has 7,310 square feet of available development rights.
The average loan per buildable square foot is $297.
The last time the property sold was February 29, 2016, for $4,850,000.

Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $210,305.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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