Eric Miller refis 162 units in Flatbush with $18.2M loan

Eric Miller through the entity Linden 305 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $18.2 million for 2 parcels, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 162 residential units at 315 Linden Boulevard and 305 Linden Boulevard in Flatbush. The deal closed on July 28, 2020 and was recorded on October 30, 2020.
The properties have 193,838 square feet of built space and available development rights.
The average loan per unit is $112,236.
The loan was modified, and the interest rate was set at 3.250%. The prior maximum loan was $20.3 million. The last time the property sold was January 16, 2014, for $23,500,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was John Feijoo

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