Boris Tansky borrows $8M from Flushing Bank for multifamily property in Brighton Beach

Boris Tansky through the entity 340 Neptune Properties LLC as borrower signed a loan agreement with lender Flushing Bank, Isaoa valued at $8.1 million for 5 parcels, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 22 residential units at 340 Neptune Avenue, 330 Neptune Avenue, Brighton 3rd Street, Brighton 3rd Street, Brighton 3rd Street in Brighton Beach. The deal closed on January 8, 2020 and was recorded on January 21, 2020.
The property has 39,181 square feet of available development rights.
The average loan per unit is $368,182.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for at least one of the buildings with 20 residential units on November 13, 2019.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 17,534 square feet. Those plans include a total of 20 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link