Eric Miller borrows $11M from New York Community for multifamily property in Prospect Lefferts Gardens

Eric Miller through the entity Flatman LLC as borrower signed a loan agreement with lender New York Community Bank valued at $11.0 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 65 residential units at 552 Flatbush Avenue in Prospect Lefferts Gardens. The deal closed on April 14, 2020 and was recorded on April 23, 2020.
The property contains a total of 57,122 square feet of built space.
The average loan per unit is $169,600.
The last time the property sold was December 16, 2010, for $7,500,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $363,864.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link