Eric Miller signs $16.2M loan with Signature Bank for two rentals in East Flatbush

Eric Miller through the entity Rockaway154 LLC as borrower signed a loan with lender Signature Bank valued at $16.2 million for two rentals including the 71-unit rental (D1) at 196 Rockaway Parkway in East Flatbush, Brooklyn and 71-unit rental (D1) at 214 Rockaway Parkway in East Flatbush, Brooklyn.
The deal closed on October 19, 2021 and was recorded on October 25, 2021.
The two properties have 129,720 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $125 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)

The owners according to the Department of Housing Preservation and Development include Yechiel Weinberger, head officer and Yechiel Weinberger, agent. The business entities are Rockaway 154 Llc.

Within a 400-foot radius of 196 Rockaway Parkway, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a loan which David Bawabeh borrowed $28 million from Signature Bank secured by the 75,000-square-foot, two-unit industrial (W9) on 205 Rockaway Parkway on February 25, 2020.

Direct link to Acris document. link