Gandolfo DiFiore signs $16.2M construction loan with Provident Bank for development in Douglaston

Gandolfo DiFiore through the entity 43-80 Douglaston Parkway LLC as borrower signed a new construction loan with lender Provident Bank through the entity Provident Bank valued at $16.2 million for the development site (V0) at 44-14 Douglaston Parkway in Douglaston, Queens.
The deal closed on June 29, 2021 and was recorded on July 8, 2021.
The property has 0 square feet of built space and 31,656 square feet of additional air rights for a total buildable of 31,656 square feet according to PincusCo analysis of city data. The loan price per built square foot is $N/A and the price per buildable square foot is $511 per the PincusCo analysis.
The owner bought the property on 16-Jun-05, for $500,000.
The signatory for Gandolfo DiFiore was Gandolfo DiFiore.
(421133918) Plans for a 47-unit, 34,530 square-foot R-2 were filed on March 17, 2021.
Within a 400-foot radius of 44-14 Douglaston Parkway, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
Of those two items, one was in new building development. It was a new building permit application filed on June 5, 2020 for a 56,539-square-foot R-2 building with 54 residential units residential units at 44-36 Douglaston Parkway.
One of those two items was a loan which Ciampa Organization borrowed $9.8 million from Captial One secured by the 66,342-square-foot, 67-unit rental (D1) on 44-30 Douglaston Parkway on April 30, 2021.

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