Michael Niamonitakis signs $8.5M refi with Investors Bank for rental in Prospect Lefferts Gdns

Michael Niamonitakis through the entity 101 Lincoln, LLC as borrower signed a refi loan with lender Investors Bank valued at $8.5 million for the 83-unit rental (D1) at 101 Lincoln Road in Prospect Lefferts Gardens, Brooklyn.
The deal closed on April 7, 2021 and was recorded on May 12, 2021.
The property has 96,762 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $87 per the PincusCo analysis.
The owner bought the property on 23-Aug-06, for $7 million.
The signatory for Michael Niamonitakis was Michael B. Niamonitakis.
Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $362,500.
The owners according to the Department of Housing Preservation and Development includes Michael Niamonitakis, head officer and James Demetriades, officer. The business entities are Meridian Properties Llc and Marine Equities 101 Llc.

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