Joel Schwartz borrows $14.75M from Bridgecity Qob Meeker LLC for property in Greenpoint

Joel Schwartz through the entity 411-417 Meeker LLC as borrower signed a loan agreement with lender Bridgecity QOB Meeker LLC valued at $14.75 million for 1 parcel, including the tax class primarily one to six families with stores or offices (S9) and containing 3 residential units at 411 Meeker Avenue in Greenpoint. The deal closed on November 15, 2019 and was recorded on December 3, 2019. The debt was then assigned to Axos Bank.

The last time the property sold was June 26, 2019, for $7,500,000.

Over the past five years, there have been 3 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 22,270 square feet. Those plans include a total of 33 residential or hotel units. There have been 2 demolition projects filed over the past five years. The demolition included 3 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link