Xin Xiang Lin borrows $14M from Cathay Bank for property in Flushing

Xin Xiang Lin through the entity Rong Xin Sanford Realty LLC as borrower signed a loan agreement with lender Cathay Bank valued at $14.0 million for 1 parcel, including the tax class church, synagogue, chapel (M1) at 144-27 Sanford Avenue in Flushing. The deal closed on October 15, 2019 and was recorded on October 24, 2019.

The last time the property sold was April 18, 2018, for $27,000,000.

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 110,636 square feet. Those plans include a total of 131 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
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