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Parsons

Property Description

Property Description

Developer

Triangle Equities

Completion

2014

Project team

Architect: Raymond Chan & Associates

Project profile

Stalled Construction of a 28,546 SF residential and office condominium building

Financing

“Loan to Own” Triangle Equities Purchased with Cash

Approval obtained

NYC Dept. of Environmental Protection Attorney General New Condominium Approval

Summary

Located in the Flushing neighborhood of Queens, 42-05 Parsons Boulevard is a mixed residential and office condominium building. The building features steel frame construction with a glass window wall, creating both inviting living and work spaces for the 14 residential condominiums and 5 office condominiums.

Triangle Equities purchased a non-performing note collateralized by the building, which had been 85% complete. After the building underwent the foreclosure process, Triangle Equities obtained control of the underlying asset and completed construction in 2014.

View Properties

Properties

  • Triangle Plaza Hub
  • Triangle Junction
  • Triangle Plaza I
  • Triangle Plaza II
  • The Arches at Cobble Hill
  • Bronx DMV
  • Whitestone DMV
  • Triangle Freehold
  • Parsons
  • Triangle Plaza – Bronx
  • Springfield Gardens DMV

30-56 Whitestone Expressway, Suite 300
Whitestone, NY 11354
| Tel. 718 463 5757
info@triequities.com

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