Isaac Kassirer’s Emerald Equity Group borrows $12M from Sabal Capital Partners for rental in Morrisania

Isaac Kassirer’s Emerald Equity Group through the entity Bronx 741-743 Hunts Point Avenue L.P. as borrower signed a loan agreement with lender Sabal Capital Partners through the entity Sabal Capital Ii, LLC valued at $11.9 million for 2 parcels, including the tax class C7 and containing 66 residential units at 801 Freeman Street, 741 Hunts Point Avenue in Morrisania. The deal closed on October 11, 2019 and was recorded on October 31, 2019.
The property contains a total of 11,335 square feet of built space.
The average loan per unit is $179,943.
The last time the property sold was March 1, 2016, for $1,991,226.

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