Melaim Bauta refis 50-unit rental in East Flatbush with $7.7M from New York Community

Melaim Bauta through the entity 428 East 46 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $7.7 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 50 residential units at 428 East 46th Street in East Flatbush. The deal closed on October 1, 2020 and was recorded on October 17, 2020.
The property contains a total of 76,339 square feet of built space.
The average loan per unit is $153,200.
The last time the property sold was July 2, 2018, for $11,500,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link