BNS Real Estate obtained financing of $15M from M&T Bank

BNS Real Estate through the entity 30-30 60Th Street, LLC as borrower signed a loan agreement with lender M&T Bank valued at $15.0 million for 1 parcel, including the tax class commercial condominium unit (R5) at 57-07 31 Street in Queens. The deal closed on August 08, 2019 and was recorded on August 21, 2019.
The property contains a total of 145,727 square feet of built space.
The average loan per buildable square foot is $103.
The last time the property sold was January 18, 2006, for $8,900,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link