Dovie Sperlin borrows $9M from New York Community Bank for rental in Crown Heights

Dovie Sperlin through the entity 363 N.Y. Associates LLC as borrower signed a loan agreement with lender New York Community Bank valued at $8.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 52 residential units at 363 New York Avenue in Crown Heights. The deal closed on September 5, 2019 and was recorded on September 16, 2019.
The property contains a total of 54,350 square feet of built space.
The average loan per unit is $170,308.
The loan level more than doubled with the addition of $4.9 million of new debt.

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 $40,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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