1718 Realty Associates, L.L.C. obtained financing of $7M from Readycap Commercial

1718 Realty Associates, L.L.C. as borrower signed a loan agreement with lender Readycap Commercial, LLC valued at $7.5 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 59 residential units at 1718 Quentin Road in Sheepshead Bay. The deal closed on August 09, 2019 and was recorded on August 22, 2019.
The property contains a total of 64,000 square feet of built space.
The average loan per unit is $126,576.

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

Share this article