Joel Schwartz borrows $13M from Citi Real Estate Funding for multifamily property in Bedford-Stuyvesant

Joel Schwartz through the entity 836 Dekalb Holdings LLC as borrower signed a loan agreement with lender Citi Real Estate Funding Inc. valued at $12.5 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 33 residential units at 836 Dekalb Avenue in Bedford-Stuyvesant. The deal closed on September 25, 2019 and was recorded on November 18, 2019.
The property contains a total of 33,934 square feet of built space.
The average loan per unit is $378,788.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 33 residential units on September 25, 2013.

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