Gal Sela’s Sela Group borrows $5M from Maxim Credit Group for property in Long Island City

Gal Sela’s Sela Group through the entity Sela 27 Street LLC as borrower signed a loan agreement with lender Maxim Credit Group, LLC valued at $5.0 million for 1 parcel, including the tax class miscellaneous (H9) at 39-35 27th Street in Long Island City. The deal closed on September 10, 2019 and was recorded on October 4, 2019.
The property contains a total of 28,350 square feet of built space.
The average loan per buildable square foot is $176.
The last time the property sold was May 28, 2019, for $9,100,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $155,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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