Bajraktari Realty Corp. obtained financing of $9M from Signature Bank

Bajraktari Realty Corp. through the entity 1236 Associates LLC as borrower signed a loan agreement with lender Signature Bank valued at $8.9 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 92 residential units at 1236 Virginia Avenue in Soundview. The deal closed on August 26, 2019 and was recorded on September 09, 2019.
The property contains a total of 91,656 square feet of built space.
The average loan per unit is $96,739.
The last time the property sold was October 16, 2012, for $8,500,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $98,855.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link