Alma Realty borrows $24M from New York Community Bank for property in Bedford-Stuyvesant

Alma Realty through the entity 232-262 Traffe Pl, LLC as borrower signed a loan agreement with lender New York Community Bank valued at $23.9 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 109 residential units at 226 Taaffe Place in Bedford-Stuyvesant. The deal closed on October 10, 2019 and was recorded on October 11, 2019.
The property contains a total of 130,000 square feet of built space. The property has 55,087 square feet of available development rights.
The average loan per unit is $218,844.

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Direct link to the city’s interactive property map, ZOLA. link

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