Tony Georgiton, Basil Messados borrow $8M from Alma Bank for property in Long Island City

Tony Georgiton and Basil Messados through the entity Exclusive Realty Services, LLC as borrower signed a loan agreement with lender Alma Bank valued at $7.9 million for 1 parcel, including the tax class garage with two or more stories (G1) at 21-03 44th Avenue in Long Island City. The deal closed on April 9, 2020 and was recorded on April 24, 2020.
The property contains a total of 29,700 square feet of built space. The property has 36,900 square feet of available development rights.
The average loan per buildable square foot is $215.

Over the past five years, there have been 21 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 21 renovation/alteration projects (A2) applied for with a total estimated value of $2,710,106.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link