Elliot Antebi’s Ellemark Management borrows $12M from Bridgeinvest for mixed-use property in East Village

Elliot Antebi’s Ellemark Management through the entity 169-171 Bh LLC as borrower signed a loan agreement with lender Bridgeinvest through its B1 54 LLC valued at $12.0 million for 2 parcels, including the tax class primarily four family with store or office (S4) and containing 5 residential units at 171 1st Avenue, 169 1st Avenue in East Village. The deal closed on November 25, 2019 and was recorded on December 4, 2019.
The property contains a total of 10,425 square feet of built space. The property has 19,696 square feet of available development rights.
The average loan per buildable square foot is $609.

Direct link to Acris document. link
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