Allure Group, Liebel Rubin get $39.1M refi with Sterling National for nursing home in Bay Ridge

The Allure Group and Liebel Rubin through the entity Hamilton Park Realty, LLC as borrower obtained a refi loan with lender Sterling National Bank valued at $39.1 million for the nursing home (I6) Hamilton Park at 691 92nd Street in Bay Ridge, Brooklyn.
The deal closed on November 12, 2021 and was recorded on November 24, 2021.
The property has 161,669 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $241 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on October 21, 2010, for $20 million.
The signatory for Allure Group and Liebel Rubin was Liebel Rubin.
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.
The loan was increased from $22 million in 2012 from Delta Community Credit Union. The Allure Group owns and operates nursing homes.

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