Chaim Schweid borrows $13.4M from New York Community for property in Jamaica

Chaim Schweid borrowed $13.4 million from New York Community Bank in two transactions. In the first, Chaim Schweid through the entity Ms 138-42 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $6.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 66 residential units at 138-42 90th Avenue in Jamaica. The deal closed on February 4, 2021 and was recorded on February 19, 2021.
The property contains a total of 83,700 square feet of built space.
The average loan per unit is $102,121.
The last time the property sold was December 26, 2012 for $7,550,000.
Direct link to Acris document. link

In the second deal, Chaim Schweid through the entity Ms 153-19 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $5.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 60 residential units at 153-19 89th Avenue in Jamaica. The deal closed on February 4, 2021 and was recorded on February 19, 2021.
The property contains a total of 54,000 square feet of built space.
The average loan per unit is $94,267.
The last time the property sold was December 26, 2012 for $6,400,000.
Direct link to Acris document. link