Lipa Friedman as signatory borrows $66.5M from New York Community for 351-unit rental in Williamsburg

Lipa Friedman through the entity 95 Bedford LLC as borrower signed a loan agreement with lender New York Community Bank valued at $66.5 million for 1 parcel, including the tax class multifamily, luxury type (D8) and containing 351 residential units at 95 Bedford Avenue in Williamsburg. The deal closed on July 22, 2020 and was recorded on October 5, 2020.
The property contains a total of 363,206 square feet of built space.
The average loan per unit is $189,497.
The ownership entity is in care of B&H Photo.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 351 residential (or hotel) units on August 19, 2013.
Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $568,720.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Daniel M. Bagatta