Jack Kornblum refis $6M with New York Community for 25-unit rental in Brooklyn Heights

Jack Kornblum through the entity Renee Realty LLC as borrower signed a loan agreement with lender New York Community Bank valued at $6.3 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 25 residential units at 20 Sidney Place in Brooklyn Heights. The deal closed on December 29, 2020 and was recorded on January 27, 2021.
The property contains a total of 12,024 square feet of built space.
The average loan per unit is $250,400.

Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $57,000.

Direct link to Acris document. link