Yu Ling Hu borrows $5M from Amerasia Bank for property in Flushing

September 27, 2019 6:34 am

Yu Ling Hu as borrower signed a loan agreement with lender Amerasia Bank valued at $5.0 million for 2 parcels, including the tax class retail building with apartments above (K4) at 25-50 Francis Lewis Blvd, 25-44 Francis Lewis Blvd in Flushing. The deal closed on August 8, 2019 and was recorded on September 26, 2019.
The property contains a total of 10,323 square feet of built space.
The average loan per buildable square foot is $305.
The last time the property sold was July 8, 2016, for $8,000,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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