Maxie Development borrows $15M from Bank Leumi for multifamily property in Long Island City

Maxie Development through the entity 36-27 31st Street Property LLC as borrower signed a loan agreement with lender Bank Leumi USA valued at $14.6 million for 2 parcels, including the tax class residential condo in Acris (SC) and containing 33 residential units at 36-27 31st Street, 36-27 31st Street in Long Island City. The deal closed on October 28, 2019 and was recorded on November 15, 2019.
The property contains a total of square feet of built space.
The average loan per unit is $442,424.

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