2799 Coney Island Avenue Holding LLC obtained financing of $5M from Bank Of America, N.A.

2799 Coney Island Avenue Holding LLC as borrower signed a loan agreement with lender Bank Of America, N.A. valued at $5.0 million for 1 parcel, including the tax class office building with ten stories or more (side street type) (O2) at 2799 Coney Island Avenue in Sheepshead Bay. The deal closed on August 12, 2019 and was recorded on August 22, 2019.
The property contains a total of 11,988 square feet of built space.
The average loan per buildable square foot is $417.
The last time the property sold was March 25, 2015, for $1,720,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 8,000 square feet.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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