262-264 SULLIVAN GROUP LLC obtained financing of $9M from THE BANK OF PRINCETON

262-264 SULLIVAN GROUP LLC as borrower signed a loan agreement with lender THE BANK OF PRINCETON valued at $9.2 million for 1 parcel, including the tax class two-family, brick (B1) and containing 25 residential units at 264 Sullivan Place in Crown Heights. The deal closed on June 28, 2019 and was recorded on July 15, 2019.
The property contains a total of 19,563 square feet of built space.
The average loan per unit is $366,000.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 25 residential (or hotel) units on January 18, 2019.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel.There has been one new building permit application totaling 17,472 square feet. Those plans include a total of 25 residential or hotel units. There have been 2 demolition projects filed over the past five years. The demolition included 3 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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