John Silviano borrows $16M from Metropolitan Commercial Bank for religious school property in Jamaica

John Silviano through the entity Jjss Jamaica Cf LLC as borrower signed a loan agreement with lender Metropolitan Commercial Bank valued at $16.0 million for 2 parcels, including the tax class parochial schools, yeshivas (W2) at 89-17 161st Street in Jamaica, Queens. The deal closed on June 26, 2020 and was recorded on July 10, 2020.
The property has 135,236 square feet of built space and available development rights.
The average loan per buildable square foot is $118.
The last time the property sold was June 4, 2018, for $15,000,000.

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