David Nerenberg borrows $7M from Valley National Bank for property in Brighton Beach

David Nerenberg through the entity 3110 Realty, LLC as borrower signed a loan agreement with lender Valley National Bank valued at $6.6 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 47 residential units at 3110 Brighton 4th Street in Brighton Beach. The deal closed on September 10, 2019 and was recorded on October 10, 2019.
The property contains a total of 50,400 square feet of built space.
The average loan per unit is $140,426.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $96,384.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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