KKR borrows $8.6M from Berkeley Point for property acquisition in Bushwick

Kohlberg Kravis Roberts & Co. through the entity KRE Bklyner 412 Evergreen LLC as borrower signed a loan agreement with lender Berkeley Point Capital LLC valued at $8.6 million to finance the purchase of 1 parcel containing 21 residential units at 412 Evergreen Avenue in Bushwick. The deal closed on October 9, 2020 and was recorded on October 26, 2020.
The property contains a total of 25,268 square feet of built space.
The average loan per unit is $411,190.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 21 residential units on May 21, 2019.
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 $100,000.There has been one new building permit application totaling 19,171 square feet. Those plans include a total of 21 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