Eli Esses borrows $9M from New York Community for property in Flatbush

Eli Esses through the entity Elmaz/835, LLC as borrower signed a loan agreement with lender New York Community Bank valued at $9 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 72 residential units at 835 Ocean Avenue in Flatbush. The deal closed on November 10, 2020 and was recorded on December 1, 2020.
The property contains a total of 88,820 square feet of built space.
The average loan per unit is $124,306.

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