Clipper Realty refis with $23M from New York Community for property in Coney Island

Clipper Realty through the entity 3100 Ocean LLC as borrower signed a loan agreement with lender New York Community Bank valued at $22.6 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 162 residential units at 3100 Ocean Parkway in Coney Island. The deal closed on October 21, 2020 and was recorded on November 5, 2020.
The property contains a total of 192,000 square feet of built space.

Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $1,220,200.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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