Abraham Posner buys $6.4M note secured by Yoel Goldman project in Greenpoint

Abraham Posner through the entity Eckford House LLC bought a note with an original principal of $6.4 million from the Bluestone Group secured by Yoel Goldman’s development project (H2) at 65 Eckford Street in Greenpoint, Brooklyn.
The deal closed on August 11, 2021 and was recorded on September 17, 2021.
The property has 26,737 square feet of built space according to PincusCo analysis of city data.
(320625016) Plans for a 70-unit, 20,229 square-foot R-1 were filed on May 12, 2015.
Yoel Goldman’s 65-73 Eckford Realty LLC bought the property in 2016 for $9.8 million.

Within a 400-foot radius of 65 Eckford St, PincusCo identified three commercial real estate items of interests occurred over the past 24 months.
Of those three items, two were for major renovation including a certificate of occupancy change. They were one permit with a total initial cost of $533,125 and one initial temporary certificate of occupancy issuance for a project that initially costed $350,597. The most recent of these two items was the temporary certificate of occupancy on July 9, 2020 for an R-3 building with two residential units at 75 Eckford Street.
One of those three items was a loan which Nicholas Notias borrowed $7.2 million from JPMorgan Chase Bank secured by two condo units in the 19-unit mixed-use building (RM) on 501 Leonard Street on July 15, 2020.

Correction: An earlier version of this post identified the property as owned by All Year Managment, which Yoel Goldman founded, but that company is not involved, according to representatives of All Year.

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