463 Sterling Place

Owner: Shel Capital

Acquired: June 25, 2021, $24.3 million

Debt: November 15, 2021, $21 million

Built: 1925

SF: 4,930

Dwelling units: 2

No. of buildings: 1

Class: Stores, Apartments Above (K4)

Floors: 2

Transactions:

• SHEL Capital borrowed $21 million from Dime Community Bank for 743 Washington Avenue, 196 7th Avenue, 442 Sterling Place, 801 Ocean Avenue, 429 Sterling Place, and others, Crown Heights, Brooklyn on November 15, 2021.

• Coastline Apartment Investors sold 743 Washington Avenue, 196 7th Avenue, 442 Sterling Place, 805 Ocean Avenue, 429 Sterling Place, and others, Crown Heights, Brooklyn for $24.3 million to SHEL Capital on June 25, 2021.

• SHEL Capital on June 10, 2021 bought a loan with an original principal of $32.5 million from Mesa West Capital, signed by Mark Zytko, secured by 743 Washington Avenue, 196 7th Avenue, 442 Sterling Place, 801 Ocean Avenue, 429 Sterling Place, and others, Crown Heights, Brooklyn, when owned by Coastline Apartment Investors.

Development:

• Rony Kravel filed plans for alteration in Crown Heights, Brooklyn, on May 05, 2022.

• Rony Kravel filed plans for alteration in Crown Heights, Brooklyn, on May 06, 2022.

• Robert Baker filed plans for alteration in Crown Heights, Brooklyn, on April 14, 2005.

• Tobert Kessler filed plans for alteration in Crown Heights, Brooklyn, on April 17, 2003.

• Harvey Stashower filed plans for major alteration in Crown Heights, Brooklyn, on November 13, 2000.

Latest Stories:

• Shel Capital acquires from Coastline Apartment Investors six Brooklyn properties valued at $24.3M (June 28, 2021)