544 Park Avenue Realty LLC obtained financing of $12M from New York Community Bank

544 Park Avenue Realty LLC as borrower signed a loan agreement with lender New York Community Bank valued at $12.0 million for 4 parcels, including the tax class heavy manufacturing, fireproof building (F1) at 544 Park Avenue in Bedford-Stuyvesant. The deal closed on June 04, 2019 and was recorded on August 13, 2019.

The property contains a total of 1,151,080 square feet of built space.

The average loan per buildable square foot is $10.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $591,000.

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

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