Ravinder Chopra and Raman Kumar Aggarwal borrow $6M from Newbank for property in Flushing

Ravinder Chopra and Raman Kumar Aggarwal through the entity 33-53 Farrington LLC as borrower signed a loan agreement with lender Newbank valued at $5.5 million for 1 parcel, including the tax class motel (H4) at 33-53 Farrington Street in Flushing. The deal closed on September 10, 2019 and was recorded on September 17, 2019.
The property contains a total of 9,887 square feet of built space.
The average loan per buildable square foot is $556.

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