Levi Myski borrows $6.5M from Hanover Community Bank for property in Crown Heights

Levi Myski through the entity 1329 Realty, LLC as borrower signed a loan agreement with lender Hanover Community Bank valued at $6.5 million for 2 parcels, including the tax class multifamily, five to six families (C2) and containing 12 residential units at 1331 St Johns Place, 1329 St Johns Place in Crown Heights. The deal closed on June 11, 2020 and was recorded on July 8, 2020.
The property contains a total of 6,006 square feet of built space. The property has 17,695 square feet of available development rights.
The average loan per unit is $541,667.
The financing includes new debt totaling $2 million.

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