Joseph Davoudzadeh borrows $5M from Columbia Capital for property in Flatbush

Joseph Davoudzadeh through the entity NY Lefferts LLC as borrower signed a loan agreement with lender Columbia Capital Co. valued at $5.0 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 22 residential units at 601 New York Avenue in Flatbush. The deal closed on September 10, 2019 and was recorded on October 8, 2019.
The property contains a total of 18,246 square feet of built space.
The average loan per unit is $227,273.
The last time the property sold was November 13, 2014, for $1,500,000.

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 was one renovation/alteration project (A2) applied for with a total estimated value of $25,000.There has been one new building permit application totaling 16,300 square feet. Those plans include a total of 22 residential 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

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