Francesco Saulle borrows $9M from Flushing Bank for multifamily property in Bay Ridge

Francesco Saulle through the entity Hudson Views Equity LLC as borrower signed a loan agreement with lender Flushing Bank valued at $8.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 58 residential units at 125 96th Street in Bay Ridge. The deal closed on February 13, 2020 and was recorded on March 2, 2020.
The property contains a total of 43,182 square feet of built space. The property has 50,057 square feet of available development rights.
The average loan per unit is $150,000.
The last time the property sold was September 29, 2015, for $22,400,000.

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 $503,380.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link