Lan Chen Pee borrows $20M from CTBC Bank for commercial condo in Flushing

Lan Chen Pee through the entity Prince Tower Holding, LLC as borrower signed a loan agreement with lender CTBC Bank Corp,(USA) valued at $20.0 million for 2 parcels, including the tax class commercial condominium unit (R5) at 133-53 37th Avenue, 133-53 37th Avenue in Flushing. The deal closed on January 3, 2020 and was recorded on January 29, 2020.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 46 residential (or hotel) units on February 9, 2016.

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

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