Kingston Avenue Development, LLC borrows $17M from Capital One for property in Crown Heights

Kingston Avenue Development, LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $17.5 million for 1 parcel, including the tax class multifamily, miscellaneous (D9) and containing 152 residential units at 230 Kingston Avenue in Crown Heights. The deal closed on September 20, 2019 and was recorded on October 1, 2019.
The property contains a total of 124,472 square feet of built space.
The average loan per unit is $115,007.
The last time the property sold was November 1, 2006, for $12,150,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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