Bronstein Properties refis $7.5M loan with New York Community for 54-unit rental in Woodhaven

Bronstein Properties through the entity Woodhaven 86-02 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $7.5 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 54 residential units at 86-02 Park Lane South in Woodhaven. The deal closed on July 31, 2020 and was recorded on October 28, 2020.
The property contains a total of 46,500 square feet of built space.
The average loan per unit is $138,341.
The last time the property sold was July 22, 2015, for $10,000,000.

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