800 Midwood LLC obtained financing of $7M from New York Community Bank

800 Midwood LLC as borrower signed a loan agreement with lender New York Community Bank valued at $7.2 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 67 residential units at 800 Avenue H in Ocean Parkway. The deal closed on July 18, 2019 and was recorded on July 23, 2019.
The property contains a total of 80,000 square feet of built space. The property has 2,600 square feet of available development rights.
The average loan per unit is $107,463.
The last time the property sold was January 11, 2018, for $2,925,000.

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