Juan Figueroa borrows $7M from 333 Moffat Funding for property in Bushwick

Juan Figueroa through the entity 333 Moffat LLC as borrower signed a loan agreement with lender 333 Moffat Funding LLC valued at $7.0 million for 1 parcel, including the tax class light manufacturing building (F5) at 335 Moffat Street in Bushwick. The deal closed on September 3, 2019 and was recorded on October 8, 2019.
The property contains a total of 22,396 square feet of built space. The property has 5,600 square feet of available development rights.
The average loan per buildable square foot is $250.
The last time the property sold was August 31, 2016, for $3,700,000.

Over the past five years, there have been 6 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 $3,513,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $210,000. 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