Angelo Gurino’s JLG Holdings of New York borrows $11M from Bank of America for property in Howard Beach

Angelo Gurino’s JLG Holdings of New York through the entity Howard Plaza Realty, L.L.C. as borrower signed a loan agreement with lender Bank of America valued at $11.4 million for 1 parcel, including the tax class shopping center with parking facilities (K6) at 82-07 153rd Avenue in Howard Beach. The deal closed on October 18, 2019 and was recorded on October 23, 2019.
The property contains a total of 56,315 square feet of built space. The property has 115,920 square feet of available development rights.
The average loan per buildable square foot is $66.
The last time the property sold was October 26, 2015, for $1,160,000.

Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $1,062,229.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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