Maxim Properties borrows $12M from Flushing Bank for property in Elmhurst

Maxim Properties through the entity Broadway Roosevelt Plaza, LLC as borrower signed a loan agreement with lender Flushing Bank valued at $12.1 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 40-15 75th Street in Elmhurst. The deal closed on September 20, 2019 and was recorded on October 2, 2019.
The property contains a total of 42,000 square feet of built space. The property has 1,806 square feet of available development rights.
The average loan per buildable square foot is $276.

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