Lipa Rubin borrows $9M from New York Community Bank for multifamily property in Williamsburg

Lipa Rubin through the entity 374 South 5 St LLC as borrower signed a loan agreement with lender New York Community Bank valued at $8.7 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 41 residential units at 374 South 5th Street in Williamsburg. The deal closed on February 12, 2020 and was recorded on February 24, 2020.
The property contains a total of 20,160 square feet of built space.
The average loan per unit is $212,829.

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