Isaac Katz borrows $5M from New York Community Bank for property acquisition in Midwood

Isaac Katz through the entity 2005 Holdings LLC as borrower signed an acquisition loan agreement with lender New York Community Bank valued at $5.1 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 46 residential units at 2005 Avenue L in Midwood. The deal closed on May 19, 2020 and was recorded on June 17, 2020.
The property contains a total of 53,400 square feet of built space.
The average loan per unit is $111,935.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link