Yu Ying Li gets $11.4M construction loan from Royal Business Bank in Flushing

Yu Ying Li through the entity Wilson Realty Management LLC as borrower signed a loan agreement with lender Royal Business Bank valued at $11.4 million for 2 parcels, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 131-24 Avery Avenue and 131-32 Avery Avenue in Flushing. The deal closed on December 15, 2020 and was recorded on February 3, 2021.

The average loan per buildable square foot is $131.
The last time the property sold was October 10, 2013 for $4,500,000.
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