Eric Miller borrows $8.6M from New York Community for multifamily in Flatbush

Eric Miller through the entity Parcrook LLC as borrower signed a loan agreement with lender New York Community Bank valued at $8.6 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 66 residential units at 33 Crooke Avenue in Flatbush. The deal closed on August 5, 2020 and was recorded on August 10, 2020.
The property contains a total of 69,700 square feet of built space.
The average loan per unit is $130,333.
The last time the property sold was November 29, 2010, for $6,080,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 66 residential (or hotel) units on March 16, 2019.
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 $125,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link