Hampshire Properties signs $20M construction loan with Bank Hapoalim for development in East Flatbush

Hampshire Properties through the entity One Nostrand Center LLC as borrower signed a new construction loan with lender Bank Hapoalim valued at $20 million for the development site (V1) at 2339 Nostrand Avenue in East Flatbush, Brooklyn.
The deal closed on August 11, 2021 and was recorded on August 20, 2021.
(321595653) Plans for a 59-unit, 51,111 square-foot R-2 were filed on November 1, 2019.
The owner bought the property on 3-Nov-17, for $4.5 million.
The signatory for Hampshire Properties was Tomas Rosenthal.

Tomas Rosenthal is the president of Hampshire Properties.

Within a 400-foot radius of 2339 Nostrand Avenue, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was an initial temporary certificate of occupancy issued on November 20, 2019 for the $693,102.0 renovation of 25,079-square-foot B building with no residential units at 2294 Nostrand Avenue.

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