ELH Management borrows $11M from city, CPC for 31-units in Carroll Gardens

ELH Management through the entity CG Trio, LLC as borrower signed a loan agreement with lender New York City Housing Development Corp. and Community Preservation Corp. valued at $11.1 million for 3 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 31 residential units at 361 Court Street, 239 Carroll Street, 213 Sackett Street in Carroll Gardens. The deal closed on October 14, 2020 and was recorded on October 28, 2020.

The average loan per unit is $356,483.
The last time at least one of the properties sold was August 14, 2019, for $8,700,000.

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 $104,090.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link