Katz Realty Group signs $6.5M refi with Capital One for rental in Sheepshead Bay

Katz Realty Group through the entity Cadillac Realty, LLC as borrower signed a refi loan with lender Capital One valued at $6.5 million for the 94-unit rental (D1) at 1820 East 13th Street in Sheepshead Bay, Brooklyn.
The deal closed on November 30, 2021 and was recorded on December 21, 2021.
The property has 106,000 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $61 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Katz Realty Group was Lennard A. Katz.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.
The owners according to the Department of Housing Preservation and Development includes Ronald Katz, head officer and Lennard Katz, officer. The business entity is Cadillac Realty Llc.
Within a 400-foot radius of 1820 East 13th Street, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
One of those two items was a sale which Zvi Gurevich and Raymond C. Chakkalo bought the 20,800-square-foot, nine-unit rental (D7) on 1819 East 13th Street for $7.6 million from Debbie Klein Freeman on November 29, 2021.
One of those two items was a loan which Zvi Gurevich and Raymond C. Chakkalo borrowed $5 million from Interaudi Bank secured by the 20,800-square-foot, nine-unit rental (D7) on 1819 East 13th Street on November 29, 2021.

Direct link to Acris document. link