Manhattan Group Properties LLC obtained financing of $7M from HRC Mortgage Lending A LLC

Manhattan Group Properties LLC as borrower signed a loan agreement with lender Hrc Mortgage Lending A LLC valued at $7.5 million for 1 parcel, including the tax class primarily two family with store or office (S2) and containing 14 residential units at 977 Manhattan Avenue in Greenpoint. The deal closed on July 12, 2019 and was recorded on July 24, 2019.
The property contains a total of 16,236 square feet of built space.
The average loan per unit is $535,714.
The last time the property sold was February 09, 2015, for $4,100,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel.There has been one new building permit application totaling 15,640 square feet. Those plans include a total of 14 residential or hotel units. There has been one demolition project filed for the parcels over the past five years. The demolition included 3 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link