Gabrielli Truck Sales refis $10.5M with HSBC for commercial in Queens

Gabrielli Truck Sales through the entity Gabrielli Jfk Associates LLC as borrower signed a loan agreement with lender HSBC Bank valued at $10.5 million for 1 parcel, including the tax class garage with showroom (G8) at 153-20 South Conduit Avenue in Queens. The deal closed on August 24, 2020 and was recorded on April 14, 2021.
The property contains a total of 61,880 square feet of built space.
The average loan per buildable square foot is $170.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $276,514.0. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $164,500.

Direct link to Acris document. link