Cypress Pitkin Berriman L.P. obtained financing of $7M from The City Of New York

Cypress Pitkin Berriman L.P. as borrower signed a loan agreement with lender The City Of New York valued at $6.5 million for 2 parcels, including the tax class residential condos recorded as a bulk sale in Acris (BS) and containing 60 residential units at 2501 Pitkin Avenue in East New York. The deal closed on July 25, 2019 and was recorded on August 01, 2019.
The average loan per unit is $108,333.

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

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