Michael B. Niamonitakis borrows $13M from Investors Bank to refi multifamily in Flatbush

Michael B. Niamonitakis through the entity Marine Equities Maple LLC as borrower signed a loan agreement with lender Investors Bank valued at $12.7 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 122 residential units at 621 Lefferts Avenue in Flatbush. The deal closed on March 25, 2020 and was recorded on April 3, 2020.
The property contains a total of 146,400 square feet of built space.
The average loan per unit is $104,098.
The last time the property sold was July 17, 2008, for $13,100,000.

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