Hanover Community Bank sells $2.5M note secured by Elmhurst commercial

The entity 83-04 Broadway LLC bought a note with an original principal of $2.5 million from Hanover Community Bank secured by Xiaoping Fan’s office building (O5) at 83-04 Broadway in Elmhurst, Queens.
The deal closed on April 7, 2021 and was recorded on April 29, 2021.
The note buyer is an LLC at the office of the law firm Kriss & Feuerstein at the attention of attorney Eric Hoberman.
The property has 13,000 square feet of built space and 4,995 square feet of additional air rights for a total buildable of 18,000 square feet according to PincusCo analysis of city data.