Michael Iacono borrows $5M from T Bank for property in Queens

Michael Iacono through the entity 126-46 34th Ave Realty LLC as borrower signed a loan agreement with lender T Bank, N.A. valued at $5.0 million for 1 parcel, including the tax class miscellaneous garage (G9) at 126-46 34th Avenue in Queens. The deal closed on October 7, 2019 and was recorded on October 10, 2019.
The property contains a total of 3,960 square feet of built space. The property has 28,358 square feet of available development rights.
The average loan per buildable square foot is $155.
The last time the property sold was August 20, 2019, for $4,500,000.

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

Share this article