Brodsky Organization obtained financing of $144M from The Bank Of New York Mellon

Brodsky Organization as borrower signed a loan agreement with lender The Bank Of New York Mellon valued at $144.0 million for 5 parcels, including the tax class land zoned residential, except not Manhattan below 110th Street (V0) at 662 Pacific Street and 37 6th Avenue, 25 6th Avenue, 495 Dean Street, 493 Dean Street, 491 Dean Street in Prospect Heights. The deal closed on September 4, 2019 and was recorded on September 11, 2019.

The last time the property sold was through a leasehold acquired by Brodsky on December 21, 2018, valued at $55.83 million.

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 343,788 square feet. Those plans include a total of 323 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.

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