Israel Neiman obtained financing of $10M from Arnav Industries Inc.

Israel Neiman through the entity Bedford Clymer LLC as borrower signed a loan agreement with lender Arnav Industries Inc. valued at $10.0 million for 1 parcel, including the tax class land zoned residential, except not Manhattan below 110th Street (V0) at 491 Bedford Avenue in Williamsburg. The deal closed on July 11, 2019 and was recorded on July 29, 2019.
The property contains a total of 17,982 square feet of built space. The property has 17,982 square feet of available development rights.
The average loan per buildable square foot is $556.

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

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