Shirley Yuk-Jin Lam borrows $9M from Flushing Bank for property in Financial District

Shirley Yuk-Jin Lam through the entity Yjl Holdings LLC as borrower signed a loan agreement with lender Flushing Bank valued at $8.8 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 30 residential units at 21 Maiden Lane in Financial District. The deal closed on February 27, 2020 and was recorded on March 6, 2020.
The property contains a total of 37,800 square feet of built space. The property has 42,327 square feet of available development rights.
The average loan per unit is $293,333.
The last time the property sold was October 25, 2011, for $14,500,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 30 residential units on August 31, 2012.
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 $277,650.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link