Bawabeh Brothers borrows $15M from Investors Bank for residential construction in Bedford-Stuyvesant

Bawabeh Brothers through the entity 1190 Fulton Street LLC as borrower signed a new construction loan agreement with lender Investors Bank valued at $14.8 million for 1 parcel, including the tax class one-story store building (K1) at 1245 Bedford Avenue in Bedford-Stuyvesant. The deal closed on June 12, 2020 and was recorded on June 19, 2020.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There has been one new building permit application totaling 40,165 square feet. Those plans include a total of 30 residential units. There has been one demolition project filed for the parcels over the past five years.
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