JB Lexington LLC obtained financing of $8M from Broadview Funding

JB Lexington LLC as borrower signed a loan agreement with lender Broadview Funding LLC valued at $7.9 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 31 residential units at 853 Lexington Avenue in Bedford-Stuyvesant. The deal closed on August 01, 2019 and was recorded on August 21, 2019.
The property contains a total of 26,731 square feet of built space.
The average loan per unit is $254,839.
The last time the property sold was August 01, 2019, for $3,850,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $692,000. Those filings sought to increase the number of residential units by 31 to 31
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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