Linzhong Zhuo borrows $14M from NuVerse for property in Flushing

Linzhong Zhuo through the entity 4201 Main St LLC as borrower signed a loan agreement with lender NuVerse Advisors’ S3 Fms LLC valued at $14 million for 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 136-18 Maple Avenue in Flushing. The deal closed on November 10, 2020 and was recorded on November 20, 2020.
The property contains a total of 34,390 square feet of built space. The property has 34,390 square feet of available development rights.
The average loan per buildable square foot is $407.
The last time the property sold was February 19, 2020 for $23,739,930.
Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $263,120.

There have been 2 new building permit applications Those plans include a total of 62 residential units.

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