Dragonfly Tompkins, LLC obtained financing of $15M from Bank Of Hope

Dragonfly Tompkins, LLC as borrower signed a loan agreement with lender Bank Of Hope valued at $15.0 million for 5 parcels, including the tax class primarily two family with store or office (S2) and containing 5 residential units at 435 Tompkins Avenue, 433 Tompkins Avenue, 431 Tompkins Avenue, 429 Tompkins Avenue, Halsey Street in Bedford-Stuyvesant. The deal closed on August 22, 2019 and was recorded on September 03, 2019.
The property contains a total of 4,500 square feet of built space. The property has 18,819 square feet of available development rights.
The average loan per buildable square foot is $546.
The last time the property sold was July 16, 2018, for $6,000,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 27,549 square feet. Those plans include a total of 40 residential or hotel units. There have been 3 demolition projects filed over the past five years. The demolition included 2 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article