Center Management Group borrows $48M from Greystone & Co. for nursing home in Bensonhurst

Charles-Edouard Gros’s Center Management Group through the entity KFG Land Two, LLC as borrower signed a loan agreement with lender Greystone & Co. through the entity Greystone Funding Company LLC valued at $47.7 million for 1 parcel, including the tax class nursing home (I6) at 1740 84th Street in Bensonhurst. The deal closed on December 23, 2019 and was recorded on December 30, 2019.
The property contains a total of 99,941 square feet of built space.
The average loan per buildable square foot is $477.
The borrower upped the debt from $18.5 million to $47.7 million. The last time the property sold was January 19, 2012, for $6,262,500.

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 was one renovation/alteration project (A2) applied for with a total estimated value of $100,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link