Maxie Development signs $19M refi with New York Community for two LIC office buildings

Maxie Development through the entity 31st Street Property LLC as borrower signed a refi loan with lender New York Community Bank valued at $19 million for two office buildings including the 42-unit office building (CC) at 38-11 31st Street in Long Island City, Queens and office building (OT) at 38-11 31st Street in Long Island City, Queens.
The deal closed on April 29, 2021 and was recorded on May 18, 2021.
The two properties have 48,512 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $391 per the PincusCo analysis.
The signatory for Maxie Development was Bessie T. Giannapulos.

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