Bawabeh Brothers obtained financing of $16M from Investors Bank

Bawabeh Brothers through the entity Power Realty Partners LLC as borrower signed a loan agreement with lender Investors Bank valued at $15.5 million for 1 parcel, including the tax class one-story store building (K1) at 1104 Fulton Street in Bedford-Stuyvesant. The deal closed on July 18, 2019 and was recorded on July 26, 2019.
The property contains a total of 43,228 square feet of built space.
The average loan per buildable square foot is $359.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on December 21, 2018.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel.There has been one new building permit application totaling 43,224 square feet. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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