Dora Shore obtained financing of $8M from New York Community Bank

Dora Shore through the entity 261-63 East 10, LLC as borrower signed a loan agreement with lender New York Community Bank valued at $8.0 million for 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 36 residential units at 261 East 10 Street, 263 East 10 Street in East Village. The deal closed on June 24, 2019 and was recorded on July 19, 2019.
The property contains a total of 19,201 square feet of built space. The property has 545 square feet of available development rights.
The average loan per unit is $222,222.

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