Anshel Fridman signs $32.5M refi with Starwood for two rentals in Crown Heights

Anshel Fridman through the entity Ford Realty LLC as borrower signed a refi loan with lender Starwood Mortgage Capital valued at $32.5 million for two rentals including the 56-unit rental (D6) at 24 Ford Street in Crown Heights, Brooklyn and 50-unit rental (D3) at 8 Ford Street in Crown Heights, Brooklyn.
The deal closed on August 27, 2021 and was recorded on September 3, 2021.
The two properties have 87,205 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $372 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 signatory for Anshel Fridman was Anshel Fridman.
(321086873)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 49 residential units on November 9, 2017. (321086873) Plans for a 49-unit, 34,366 square-foot R-2 were filed on February 18, 2015 and were permitted on October 15, 2015.
The owners according to the Department of Housing Preservation and Development includes Anshel Fridman, head officer and Yehuda Friedman, agent. The business entities are Ford Residence Llc and Ford Residence Llc.

Within a 400-foot radius of 8 Ford Street, PincusCo identified four commercial real estate items of interests occurred over the past 24 months.
Of those four items, one was for major renovation including a certificate of occupancy change. It was a permit issued on August 18, 2020 for the $1.3 million renovation of 6,081-square-foot R-2 building with 10 residential units at 1691 Carroll Street.
Of those four items, three were loans above $5 million totaling $29.8 million. The most recent of the three was Vadem Brodsky which borrowed $14.6 million from Investors Bank secured by the 5,120-square-foot, four-unit four-family building (C3) on 1718 President Street on August 11, 2021.

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