Afshan Shariati borrows $12M from Dime Community Bank for property in Williamsburg

Afshan Shariati through the entity Forest Equities Inc as borrower signed a loan agreement with lender Dime Community Bank valued at $12.3 million for 3 parcels, including the tax class primarily five to six family with store or office (S5) and containing 17 residential units at 123 Kent Avenue, 121 Kent Avenue, 119 Kent Avenue in Williamsburg. The deal closed on June 12, 2020 and was recorded on June 22, 2020.
The property has 16,863 square feet of built space and available development rights.
The average loan per unit is $723,529.
The last time the property sold was April 11, 2018, for $22,350,000.

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. There was one renovation/alteration project (A2) applied for with a total estimated value of $568,425.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link