Isaac Kassirer’s Emerald Equity Group borrows $14M from California-based Sabal Capital Group for rental property in Bronxwood

Isaac Kassirer’s Emerald Equity Group through the entity Bronx 1473-1479 Fulton Avenue L.P. as borrower signed a loan agreement with lender California-based Sabal Capital Group through the entity Sabal Capital II, LLC valued at $14.3 million for 5 parcels, including the tax class multifamily, over six families without stores (C1) and containing 88 residential units at 3038 Holland Avenue, 2120 Crotona Avenue, 1473 Fulton Avenue, 2150 Crotona Parkway, 620 Manida Street in Bronxwood. The deal closed on October 11, 2019 and was recorded on October 29, 2019.

The average loan per unit is $162,119.

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