David Blau borrows $6M from Santander Bank to refi multifamily property in Kensington

David Blau through the entity 1333 Realty, LLC as borrower signed a loan agreement with lender Santander Bank, N.A. valued at $5.5 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 63 residential units at 1347 51st Street in Kensington. The deal closed on April 7, 2020 and was recorded on April 17, 2020.
The property contains a total of 58,800 square feet of built space.
The average loan per unit is $87,302.

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

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