Leser Group borrows $21M from Metropolitan Commercial Bank for property in Fort Greene

Abraham Leser’s Leser Group through the entity Fleet Center, Inc. as borrower signed a loan agreement with lender Metropolitan Commercial Bank valued at $21.2 million for 1 parcel, including the tax class miscellaneous educational (W9) at 101 Fleet Place in Fort Greene. The deal closed on April 22, 2020 and was recorded on April 23, 2020. Brooklyn Community Services Duffield Children’s Center is located in the building.
The property contains a total of 20,073 square feet of built space. The property has 200,730 square feet of available development rights.
The average loan per buildable square foot is $105.
The entire loan is new debt. A $1.45 million loan from 1991 was paid off.

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 were 2 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $177,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $55,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link