John Giuffre borrows $19M from Bank of China for retail property in Brooklyn

John Giuffre through the entity 6301 Eighth Avenue LLC as borrower signed a loan agreement with lender Bank Of China, New York Branch valued at $19.3 million for 2 parcels, including the tax class one-story store building (K1) at 6301 8th Avenue, 831 64th Street in Brooklyn. The deal closed on November 23, 2020 and was recorded on December 11, 2020.

The average loan per buildable square foot is $385.

Over the past five years, there have been 14 NYC Department of Buildings permit applications 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 $127,523. There were 13 renovation/alteration projects (A2) applied for with a total estimated value of $453,628.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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