Lions Group obtained financing of $37M from Greystone Servicing Company in Astoria

Lions Group through its Dutch Kills Associates LLC as borrower signed a loan agreement with lender Greystone Servicing Company LLC valued at $37.1 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 82 residential units at 14-19 Broadway in Astoria. The deal closed on August 15, 2019 and was recorded on August 27, 2019.
The property contains a total of 86,854 square feet of built space.
The average loan per unit is $451,829.
The last time the property sold was March 25, 2014, for $10,225,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 82 residential (or hotel) units on December 18, 2018.
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 was one renovation/alteration project (A2) applied for with a total estimated value of $85,000.There has been one new building permit application totaling 72,656 square feet. Those plans include a total of 82 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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