Elliot Moskowitz obtained financing of $20M from Customers Bank

Elliot Moskowitz through the entity 253 LLC as borrower signed a loan agreement with lender Customers Bank valued at $20.0 million for 1 parcel, including the tax class miscellaneous (K9) at 253 Empire Boulevard in Crown Heights. The deal closed on July 19, 2019 and was recorded on August 07, 2019.
The property contains a total of 22,648 square feet of built space. The property has 22,648 square feet of available development rights.
The average loan per buildable square foot is $881.
The last time the property sold was March 08, 2017, for $6,075,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $20,000.There has been one new building permit application totaling 59,298 square feet. Those plans include a total of 60 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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