Blackspruce Management borrows $6M from BNB Bank for multifamily property in Flatbush

Blackspruce Management through the entity Bedford 2150 LLC as borrower signed a loan agreement with lender Bnb Bank valued at $5.5 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 47 residential units at 2150 Bedford Avenue in Flatbush. The deal closed on December 9, 2019 and was recorded on December 12, 2019.
The property contains a total of 33,205 square feet of built space.
The average loan per unit is $117,021.
The last time the property sold was July 2, 2018, for $8,500,000.

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