Joel Schwartz borrows $12M from Citi Real Estate Funding for property in Bushwick

Joel Schwartz through the entity Vanderveer Plaza LLC as borrower signed a loan agreement with lender Citi Real Estate Funding Inc. valued at $12.2 million for 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing more than 40 residential units at 96 De Sales Place and 105 Vanderveer Street in Bushwick. The deal closed on September 25, 2019 and was recorded on October 22, 2019.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for one of the buildings with 14 residential units on June 24, 2014.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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