Bay Plaza Apts Co., LLC obtained financing of $6M from Capital One

Bay Plaza Apts Co., LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $5.8 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 92 residential units at 2323 East 12 Street in Sheepshead Bay. The deal closed on June 05, 2019 and was recorded on August 19, 2019.
The property contains a total of 84,263 square feet of built space.
The average loan per unit is $63,380.

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

Share this article