Tavros Capital refis with $24M from Centennial Bank for dev site in Long Island City

Tavros Capital through the entity Court Square 45th Ave LLC as borrower signed a loan agreement with lender Centennial Bank valued at $24 million for 1 parcel, including the tax class three-family (C0) and containing 3 residential units at 45-03 23rd Street in Long Island City. The deal closed on December 29, 2020 and was recorded on February 8, 2021.
The property contains a total of 20,200 square feet of built space.

The financing includes an additional gap loan of $9.5 million. Nicholas Silvers was the signatory for Tavros.
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 has been one new building permit application Those plans include a total of 285 residential units.

There has been one demolition project filed for the parcels over the past five years. The demolition included 3 residential units.

Direct link to Acris document. link