Abraham Friedrich borrows $6M from Berkadia for property in Bedford-Stuyvesant

Abraham Friedrich through the entity 938 Lafayette Realty LLC as borrower signed a loan agreement with lender Berkadia Commercial Mortgage LLC valued at $6.3 million for 3 parcels, including the tax class multifamily, five to six families (C2) and containing 12 residential units at 275 Skillman Street, 273A Skillman Street, and 938 Lafayette Avenue in Bedford-Stuyvesant. The deal closed on December 14, 2020 and was recorded on February 25, 2021.
The property has 12,067 square feet of built space and available development rights.
The average loan per unit is $522,583.
The last time the property sold was November 11, 2015 for $970,000.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.

There has been one new building permit application Those plans include a total of 5 residential units.

There has been one demolition project filed for the parcels over the past five years. The demolition included 2 residential units.

Direct link to Acris document. link