The Gindi family’s Century 21 Inc. as borrower signed a purchase money mortgage loan agreement with lender Aldrich Stores through the entity 448-86th Street Realty Corp valued at $5.8 million for 2 parcels, including the tax class multi-story department store (K3) at 448 86th Street and 460 86th Street in Bay Ridge. The deal closed on November 13, 2020 and was recorded on November 30, 2020.
This is a purchase money mortgage.
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