159 Smith LLC obtained financing of $6M from VNB New York

159 Smith LLC as borrower signed a loan agreement with lender Vnb New York, LLC valued at $5.8 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 8 residential units at 159 Smith Street in Boerum Hill. The deal closed on June 12, 2019 and was recorded on August 21, 2019.
The property contains a total of 9,371 square feet of built space.
The average loan per buildable square foot is $614.
The last time the property sold was April 30, 2009, for $1,200,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 8 residential (or hotel) units on December 03, 2018.

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

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