McSam Hotel Group obtained financing of $11M from DIME COMMUNITY BANK

McSam Hotel Group through the entity MCSAM BROOKLYN LLC as borrower signed a loan agreement with lender DIME COMMUNITY BANK valued at $11.0 million for 1 parcel, including the tax class miscellaneous (H9) at 31-43 Thomson Avenue in Long Island City. The deal closed on June 28, 2019 and was recorded on July 17, 2019.
The property contains a total of 22,680 square feet of built space.
The average loan per buildable square foot is $485.
The last time the property sold was July 29, 2008, for $1,800,000.

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