2530 Ocean Ave. Corp. obtained financing of $5M from New York Community Bank

2530 Ocean Ave. Corp. as borrower signed a loan agreement with lender New York Community Bank valued at $5.1 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 42 residential units at 2530 Ocean Avenue in Sheepshead Bay. The deal closed on July 24, 2019 and was recorded on July 30, 2019.
The property contains a total of 51,940 square feet of built space. The property has 17,940 square feet of available development rights.
The average loan per unit is $120,381.
The last time the property sold was March 22, 2011, for $5,016,810.

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

Share this article