Eli Schwartz obtained financing of $30M from New York Community Bank

Eli Schwartz through the entity Buckingham Hall Plaza, LLC as borrower signed a loan agreement with lender New York Community Bank valued at $29.5 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 180 residential units at 769 St Marks Avenue in Crown Heights. The deal closed on March 20, 2019 and was recorded on August 22, 2019.
The property contains a total of 163,600 square feet of built space.
The average loan per unit is $164,021.
The last time the property sold was June 26, 2008, for $19,200,000.

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 $36,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link