Joel Lefkowitz borrows $10M from Berkadia Commercial for multifamily property in Greenpoint

Joel Lefkowitz through the entity 445 Meeker LLC as borrower signed a loan agreement with lender Berkadia Commercial Mortgage LLC valued at $10.1 million for 2 parcels, including the tax class three-family (C0) and containing 16 residential units at 445 Meeker Avenue, 692 St Marks Avenue in Greenpoint. The deal closed on June 1, 2020 and was recorded on June 5, 2020.
The property has 14,267 square feet of existing and available development rights.
The average loan per unit is $632,625.
The last time the property sold was December 23, 2014, for $1,600,000.

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 has been one new building permit application totaling 31,371 square feet. Those plans include a total of 46 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link