40 Woodruff LLC obtained financing of $6M from JPMorgan Chase Bank

40 Woodruff LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $5.5 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 66 residential units at 40 Woodruff Avenue in Flatbush. The deal closed on July 30, 2019 and was recorded on August 23, 2019.
The property contains a total of 66,144 square feet of built space.
The average loan per unit is $83,333.

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 $526,600.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link