355 Properties Corp obtained financing of $9M from Santander Bank

355 Properties Corp as borrower signed a loan agreement with lender Santander Bank, N.A. valued at $9.1 million for 2 parcels, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 107 residential units at 355 Lefferts Avenue, 31 East 31 Street in Prospect Lefferts Gdns. The deal closed on August 22, 2019 and was recorded on September 04, 2019.
The property contains a total of 77,400 square feet of built space.
The average loan per unit is $85,047.

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 was one renovation/alteration project (A2) applied for with a total estimated value of $50,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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