Meir D. Tabak borrows $17M from Greystone & Co. for multifamily property in Ridgewood

Meir D. Tabak through the entity Adar Holdings USA LLC as borrower signed a loan agreement with lender Greystone & Co. to Fannie Mae through the entity Greystone Servicing Company LLC valued at $16.7 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 48 residential units at 1625 Putnam Avenue in Ridgewood. The deal closed on March 19, 2020 and was recorded on March 25, 2020.
The property contains a total of 36,390 square feet of built space.
The average loan per unit is $346,875.
The last time the property sold was March 6, 2012, for $9,300,000.

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