Joseph Ende borrows $6M from Morgan Stanley Bank for warehouse property in Sunnyside

Joseph Ende through the entity Woodside Holding LLC as borrower signed a loan agreement with lender Morgan Stanley Bank, N.A. valued at $6.0 million for 1 parcel, including the tax class fireproof warehouse (E1) at 3316 Woodside Avenue in Sunnyside. The deal closed on January 6, 2020 and was recorded on January 21, 2020.
The property contains a total of 34,400 square feet of built space. The property has 47,144 square feet of available development rights.
The average loan per buildable square foot is $127.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $549,422.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link