Foreclosure auction sale of 100% of the limited liability membership interests in Shirokia Mezz I LLC. The mezzanine loan encumbers 22 residential units, one commercial unit, and three community facility units. It also includes 47 on-site parking spaces.
142-28 38th Avenue is located in the heart of Downtown Flushing. Flushing has emerged as one of the fastest growing neighborhoods in Queens largely due to its ideal location along the train and an influx of Asian Americans that have been priced out of the competitive residential markets in Manhattan and Brooklyn. As a result, there has been a flurry of residential and retail development over the last several years. Driven by favorable trends across each asset class, convenient accessibility and a rapidly growing residential population, Flushing will continue to grow and flourish as an epicenter of Queens development.
Address: 142-28 38 Avenue
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