Center Management Group borrows $58M from Greystone & Co. for nursing home in Boerum Hill

Center Management Group through signatory Charles-Edouard Gros through the entity KFG Land I, LLC as borrower signed a loan agreement with lender Greystone & Co. through its Greystone Funding Company LLC valued at $58.4 million for 1 parcel, including the tax class nursing home (I6) and containing 288 residential units at the Hopkins Center for Rehabilitation and Healthcare at 155 Dean Street in Boerum Hill. The deal closed on April 29, 2020 and was recorded on May 28, 2020.
The property contains a total of 135,000 square feet of built space.
The average loan per unit is $202,708.
The debt was increased from $30.8 million provided in 2013 by Housing & Healthcare Finance. The last time the property sold was March 24, 2011, for $10,767,300.

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 $325,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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