Storage Deluxe Management Company’s UOVO obtained financing of $34M from PNC Bank

Storage Deluxe Management Company’s UOVO through the entity 74-16 Grand Avenue LLC as borrower signed a loan agreement with lender PNC Bank, National Association valued at $34.0 million for 1 parcel, including the tax class miscellaneous manufacturing building (F9) at 74-16 Grand Avenue in Queens. The deal closed on July 11, 2019 and was recorded on August 09, 2019.
The property contains a total of 70,000 square feet of built space.
The average loan per buildable square foot is $485.
The last time the property sold was July 11, 2019, for $16,500,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 32,032 square feet. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link