Linzhong Zhuo borrows $10M from NuVerse Advisors to acquire property in Flushing

Linzhong Zhuo through the entity 4201 Main St LLC as borrower signed a, acquisition loan agreement with lender Dov Schlein’s NuVerse Advisors LLC through the entity S3 FMS LLC valued at $10.1 million for 1 parcel, including the tax class not available at 136-18 Maple Avenue in Flushing. The deal closed on February 19, 2020 and was recorded on March 6, 2020.
In January, Vicki Zhi filed plans with the Department of Buildings to build a 68-unit residential building on this parcel.
The average loan per buildable square foot is $108.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $63,120.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link