Abraham Ben-Dayan borrows $9M from Santander Bank for multifamily property in Clinton Hill

Abraham Ben-Dayan through the entity GC Clinton LLC as borrower signed a loan agreement with lender Santander Bank valued at $8.8 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 35 residential units at 400 Clinton Avenue in Clinton Hill. The deal closed on April 29, 2020 and was recorded on May 5, 2020.
The property contains a total of 40,614 square feet of built space.
The average loan per unit is $251,429.

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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $413,740.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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