Edward Klein borrows $14M from Dime Community Bank for multifamily property in Brighton Beach

Edward E. Klein through the entity Herald Realty Group LLC as borrower signed a loan agreement with lender Dime Community Bank valued at $14 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 74 residential units at 3033 Coney Island Avenue in Brighton Beach. The deal closed on June 19, 2020 and was recorded on June 23, 2020.
The property contains a total of 76,920 square feet of built space.
The average loan per unit is $189,189.
The financing includes $2 million in new debt.

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

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