Aaron Minkowicz borrows $7M from Dime Community Bank for property in Brooklyn

Aaron Minkowicz through the entity Glentroy LLC as borrower signed a loan agreement with lender Dime Community Bank valued at $7.3 million for 1 parcel, including the tax class amusement places, bathhouses, boat houses (P6) at 1539 Troy Avenue in Brooklyn. The deal closed on August 29, 2019 and was recorded on September 19, 2019.
The property contains a total of 40,000 square feet of built space. The property has 4,950 square feet of available development rights.
The average loan per buildable square foot is $161.
The last time the property sold was February 13, 2018, for $6,750,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $137,500. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $302,600.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link