Babad Management obtained financing of $17M from New York Community Bank

Babad Management through the entity 36 Plaza Corp. as borrower signed a loan agreement with lender New York Community Bank valued at $16.5 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 84 residential units at 36 Plaza St East in Prospect Heights. The deal closed on August 08, 2019 and was recorded on August 16, 2019.
The property contains a total of 75,535 square feet of built space.
The average loan per unit is $196,429.

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