David Koptiev borrows $12M from Signature Bank for office property in Brighton Beach

David Koptiev through the entity BKC3 Brighton LLC as borrower signed a loan agreement with lender Signature Bank valued at $12 million for 1 parcel, including the tax class 1-story office building (O1) at 1002 Brighton Beach Avenue in Brighton Beach. The deal closed on May 10, 2020 and was recorded on July 20, 2020.
The property contains a total of 16,603 square feet of built space. The property has 56,987 square feet of available development rights.
The average loan per buildable square foot is $211.
This is a loan extension. Ilya Koptiev, Alexander Weiss and Mark Reichenbaum are the loan’s guarantors. The last time the property sold was December 22, 2016, for $11,375,175.

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