Crown Heights Associates LLC obtained financing of $10M from Santander Bank

Crown Heights Associates LLC as borrower signed a loan agreement with lender Santander Bank, N.A. valued at $10.0 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 80 residential units at 1082 President Street in Crown Heights. The deal closed on July 19, 2019 and was recorded on July 29, 2019.
The property contains a total of 59,008 square feet of built space.
The average loan per unit is $125,000.
The last time the property sold was July 21, 2011, for $8,050,000.

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Direct link to the city’s interactive property map, ZOLA. link

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