Haym Salomon Home borrows $28.6M for property in Gravesend

April 5, 2021 5:31 am

Haym Salomon Home through the entity We Care II LLC as borrower signed a loan agreement with lender Housing & Healthcare Finance, LLC valued at $28.6 million for 1 parcel, including the tax class homes for indigent children, aged, homeless (N2) at 2340 Cropsey Avenue in Gravesend. The deal closed on March 30, 2021 and was recorded on April 2, 2021.
The property contains a total of 134,400 square feet of built space.
The average loan per buildable square foot is $213.

Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $537,300.

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