Plaza 48 LLC borrows $5M from Amerasia Bank for property in Sunnyside

Plaza 48 LLC as borrower signed a loan agreement with lender Amerasia Bank valued at $5.0 million for 2 parcels, including the tax class unlicensed parking lot (G7) at 45-11 48th Avenue, 45-07 48th Avenue in Sunnyside. The deal closed on August 30, 2019 and was recorded on September 16, 2019.
The property contains a total of square feet of built space. The property has 3,125 square feet of available development rights.
The average loan per buildable square foot is $324.
The last time the property sold was May 14, 2018, for $2,300,000.

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