Leonard Schwartz borrows $11M from New York Community Bank to refi multifamily property in Bay Ridge

Leonard Schwartz through the entity 8415 Realty LLC as borrower signed a loan agreement with lender New York Community Bank valued at $10.8 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 109 residential units at 8415 4th Avenue in Bay Ridge. The deal closed on May 7, 2020 and was recorded on May 12, 2020.
The property contains a total of 105,750 square feet of built space.
The average loan per unit is $98,624.

Direct link to Acris document. link
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