Barry Leon borrows $39.9M from Fort Amsterdam Capital for property in Clinton Hill

Barry Leon through the entity 475 Wash Owner LLC as borrower signed a loan agreement with lender Fort Amsterdam Capital through the entity Fort Amsterdam Capital, LLC valued at $39.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 62 residential units at 475 Washington Avenue in Clinton Hill. The deal closed on January 15, 2021 and was recorded on February 10, 2021.
The property contains a total of 63,450 square feet of built space.
The average loan per unit is $643,374.
The financing includes an additional $2.3 million.
Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $310,000.

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