Eric Miller borrows $29.59M from New York Community Bank to refi Brooklyn rentals
Eric Miller as signatory borrowed $29.59 million from New York Community Bank to refinance Brooklyn rental buildings in three separate transactions.
In the largest, Eric Miller through the entity Midwood390 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $13.5 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 88 residential units at 388 Midwood Street in Prospect Lefferts Gardens. The deal closed on April 23, 2020 and was recorded on April 30, 2020.
The property contains a total of 99,375 square feet of built space.
The average loan per unit is $153,602.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
In the second transaction, Eric Miller through the entity Lenox180 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $10.4 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 77 residential units at 180 Lenox Road in Flatbush. The deal closed on April 23, 2020 and was recorded on April 30, 2020.
The property contains a total of 91,078 square feet of built space. The property has 94,946 square feet of available development rights.
The average loan per unit is $135,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
In the third, Eric Miller through the entity Empire350 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $5.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 48 residential units at 348 Empire Boulevard in Prospect Lefferts Gardens. The deal closed on April 27, 2020 and was recorded on April 30, 2020.
The property contains a total of 44,838 square feet of built space.
The average loan per unit is $118,396.
The last time the property sold was April 24, 2012, for $5,500,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link