ATW Realty LLC obtained financing of $7M from East West Bank

ATW Realty LLC as borrower signed a loan agreement with lender East West Bank valued at $7.4 million for 1 parcel, including the tax class heavy manufacturing, fireproof building (F1) at 966 Alabama Avenue in East New York. The deal closed on July 26, 2019 and was recorded on August 14, 2019.
The property contains a total of 40,804 square feet of built space.
The average loan per buildable square foot is $181.
The last time the property sold was February 27, 2015, for $5,650,000.

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 $325,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link