Israel Weinberger refis $7.3M from New York Community for 65-unit in Flatbush

Israel Weinberger through the entity 590 Ocean Property LLC as borrower signed a loan agreement with lender New York Community Bank valued at $7.3 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 65 residential units at 590 Ocean Avenue in Flatbush. The deal closed on December 23, 2020 and was recorded on February 24, 2021.
The property contains a total of 70,566 square feet of built space.
The average loan per unit is $112,154.
The last time the property sold was April 24, 2007 for $5,200,000.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $52,000.

Direct link to Acris document. link