Yu Se Liao Liao borrows $9M from CTBC Bank Corp. for property in Flushing

Yu Se Liao Liao through the entity Kronos Realty LLC as borrower signed a loan agreement with lender CTBC Bank Corp. (USA) valued at $8.5 million for 1 parcel, including the tax class one-story store building (K1) at 41-40 Kissena Boulevard in Flushing. The deal closed on September 13, 2019 and was recorded on September 25, 2019.
The property contains a total of 4,560 square feet of built space. The property has 6,522 square feet of available development rights.
The average loan per buildable square foot is $767.
The last time the property sold was September 27, 2017, for $8,000,000.

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 was one renovation/alteration project (A2) applied for with a total estimated value of $20,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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