Joshua Rabina’s Rabina Properties borrows $24M from M&T Bank for property in Greenpoint

Joshua Rabina’s Rabina Properties through the entity Workable 239 LLC as borrower signed a loan agreement with lender M&T Bank valued at $24.0 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 69 residential units at 239 Banker Street in Greenpoint. The deal closed on September 25, 2019 and was recorded on October 9, 2019.
The property contains a total of 63,100 square feet of built space.
The average loan per unit is $347,826.
The last time the property sold was March 21, 2016, for $10,947,968.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.

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