Surjeet Kaur borrows $20M from Castellan Capital for property in Long Island City

Surjeet Kaur through the entity 38-26 11th Street LLC as borrower signed a loan agreement with lender Castellan Capital valued at $19.8 million for 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 38-26 11th Street in Long Island City. The deal closed on December 18, 2019 and was recorded on January 8, 2020.

The last time the property sold was April 4, 2017, for $4,250,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 18,949 square feet. Those plans include a total of 54 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link