Leonard Schwartz borrows $8M from New York Community Bank for property in Bath Beach

Leonard Schwartz through the entity Bay Street Properties LLC as borrower signed a loan agreement with lender New York Community Bank valued at $7.6 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 80 residential units at 45 Bay 19th Street in Bath Beach. The deal closed on May 26, 2020 and was recorded on June 3, 2020.
The property contains a total of 64,900 square feet of built space.
The average loan per unit is $94,375.
The last time the property sold was March 19, 2012, for $11,800,000.

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