Mayflower Management Enterprises LLC obtained financing of $6M from Royal Business Bank

Mayflower Management Enterprises LLC as borrower signed a loan agreement with lender Royal Business Bank valued at $5.8 million for 1 parcel, including the tax class retail building with apartments above (K4) at 75-43 Parsons Boulevard in Flushing. The deal closed on August 13, 2019 and was recorded on August 20, 2019.
The property contains a total of 14,784 square feet of built space.
The average loan per buildable square foot is $389.
The last time the property sold was January 20, 2006, for $1,700,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with one residential unit on April 11, 2016.
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 were 3 renovation/alteration projects (A2) applied for with a total estimated value of $268,700.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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