Bradley Apts Co. obtained financing of $7M from Capital One

Bradley Apts Co., LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $7.2 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 106 residential units at 1230 Avenue X in Sheepshead Bay. The deal closed on June 05, 2019 and was recorded on July 30, 2019.
The property contains a total of 114,548 square feet of built space.
The average loan per unit is $68,208.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $24,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article