Conway Capital signs $11.5M refi with Argentic for Brooklyn properties

Conway Capital through the entity 228 Livingston Street Bkp Cc LLC as borrower signed a refi loan with lender Argentic Real Estate Finance valued at $11.5 million for four properties including the four-unit four-family building (C3) at 74 1st Place in Carroll Gardens, Brooklyn, two-unit mixed-use building (K4) at 228 Livingston Street in Brooklyn Heights, Brooklyn, and four-unit four-family building (C3) at 710 Degraw Street in Park Slope, Brooklyn.
The deal closed on May 6, 2021 and was recorded on June 2, 2021.
The four properties have 16,324 square feet of built space and 14,794 square feet of additional air rights for a total buildable of 31,120 square feet according to PincusCo analysis of city data. The loan price per built square foot is $704 and the price per buildable square foot is $369 per the PincusCo analysis.
The signatory for Conway Capital was Abe Cohen.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $168,400.
The owners according to the Department of Housing Preservation and Development includes Abe Cohen, head officer and Eric Setton, officer. The business entity is 74th First Place Cc Llc.

Direct link to Acris document. link