Isaac Gutman records $12M loan from Sabal Capital for multifamily property in East New York

Isaac Gutman through the entity Lincoln Realty 415 LLC as borrower signed a loan agreement with lender Sabal Capital through the entity Sabal Capital II, LLC valued at $11.7 million for 3 parcels, including the tax class multifamily, over six families without stores (C1) and containing 87 residential units at 415 Lincoln Avenue, 495 East 188th Street, 4589 Park Avenue in East New York. The deal closed on January 27, 2020 and was recorded on February 6, 2020.
The property contains a total of 22,400 square feet of built space.
The average loan per unit is $134,055.
The last time the property sold was October 14, 2015, for $4,050,000.

Direct link to Acris document. link
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