Israel Weinberger obtained financing of $9M from New York Community Bank

Israel Weinberger through the entity 1236 Pacific LLC as borrower signed a loan agreement with lender New York Community Bank valued at $9.2 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 41 residential units at 1236 Pacific Street in Crown Heights. The deal closed on July 29, 2019 and was recorded on August 09, 2019.
The property contains a total of 29,712 square feet of built space.
The average loan per unit is $224,902.
The last time the property sold was February 26, 2015, for $9,400,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $393,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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